Nicanor, a Non-Resident Alien residing in Canada, bought 20,000 (@par value of Php 100) shares of stocks of ABC Corp., a
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Nicanor, a Non-Resident Alien residing in Canada, bought 20,000 (@par value of Php 100) shares of stocks of ABC Corp., a Domestic Corporation (DC) in the amount Php 2 Million in 2009. On January 05, 2022, Nicanor sold the shares of stocks to Inday, a Resident Citizen for Php 4 Million. How much is the
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- Sri owns shares in a Canadian Corporation that paid him $1878 in dividends in 2020. In addition, he sold his holdings for $131089. Assuming the ACB for that purchase was $69159 and Sri's marginal tax rate is 34%, how much tax does Sri owe? Please provide your answer to 2 decimal places (e.g. 1234.56) Please do fast ASAP fast pleaseSri owns shares in a Canadian Corporation that paid him $1493 in dividends in 2020. In addition, he sold his holdings for $141418. Assuming the ACB for that purchase was $65189 and Sri's marginal tax rate is 48%, how much tax does Sri owe? Please provide your answer to 2 decimal places (e.g. 1234.56)Ana invested P100,000 in domestic stocks. She sold them at a later date for P150,000 through the Philippine Stock Exchange. Ana is not a dealer of securities. Compute the business tax. A. zero B. P1,500 C. P900
- Mr. Chua sold shares of stocks of a resident foreign corporation directly to a buyer. The shares were purchased for P100,000 and were sold at a net selling price of P210,000.Compute the capital gains tax.Mr. Ali obtained dividends of a gross amount of 200.000 TRY from a full taxpayer joint stock company in Turkey in 2021. Mr. Ali has no other income. Explain how much did the company withhold? How much Money does Mr. Ali has to declare if necessary? (Withholding rate for dividends will be taken as 15%) (Explain the method of your calculation with reasons).Janna is a United States citizen. On January 1 of Year 1, Janna, who annually is in the 24% tax bracket, pays $500 for one of the 100 outstanding shares in Taiwan Equities ("TE"), a Taiwan corporation that invests in Asian entities not incorporated in Taiwan. Assume that the appropriate rate of interest on any amou a. In Year 1, TE earns $100,000. When preparing her return for Year 1, Janna files a Form 8621 that elects Qualified Electing Fund ("QEF") status. What are the U.S. tax implications to Janna? b.
- Mr. Loid, a non-resident alien stockholder, received a dividend income of PHP 300,000 in 2020 from a foreign corporation doing business in the Philippines. The gross income of the foreign corporation from within and without the Philippines for 3 years preceding 2020 are as follows: Source of Income From within the Philippines 12,000,000.00 14,000,000.00 14,000,000.00 16,000,000.00 From without the Philippines How much of the dividend income received by Mr. Loid is considered income from sources within the Philippines? 300,000 X Zero 150,000 157,500 2017 16,000,000.00 8,000,000.00 2018 20191. Alex is an Australian resident for tax purposes. She currently works as a financial advisor in Melbourne. Her total salary for the income year ended 30 June 2020 is $120,000, from which her employer withheld Pay As You Go (PAYG) income tax instalments totalling $34,217.00. Alex also has a share portfolio which has generated franked dividends of $7,000 and franking credits of $3,000. Alex took out a loan to purchase the shares and she incurred interest expenses of $5,000. What is Alex’s assessable income? Select one: $125,000 $122,000 $127,000 $130,000Mr. Ramos, a non-resident citizen, sold shares of stocks of a domestic corporation directly to a buyer at a net gain of P320,000. Compute the capital gains tax.
- Mr. Sotto is a resident citizen who earned the following during the current taxable year: (1) Royalty income from abroad - P120,000; (2) Interest income from his loan extended to his friend living abroad - P30,000; (3) Dividend income from Globe Telecom Inc - P10,000. How much income is subject to regular income tax?Mateo Lopez is not a resident of Canada. For the current year, Mateo has a worldwide income of $120,000, including $15,000 of employment income earned in Canada and $2,000 of interest received on Canada savings bonds. The remainder of his income was from sources outside of Canada. What amount of income must be reported on Mateo’s Canadian personal income tax return for the current year? Please do fast ASAP fastHello, please help me with the following question. Kim is an employee of Azure Corporation. In the current year, she receives a cash salary of $30,000 and also is given 10 shares of Azure stock for services she renders to the corporation. The shares in Azure Corporation are worth $1,000 each. a. How will the transfer of the 10 shares to Kim be handled for tax purposes? b. Kim's basis in the stock is $. c. What is Azure Corporation's total compensation deduction for Kim's services?$