In 2019, Mr. Jupiter, a nonresident citizen and with one dependent child, had a net capital loss of P100,000, and Net Loss form Operation of his business of 10,000. In September 2020, he gained P200,000 from the sale of his personal car. How much is the net capital gain to be included in 2020? a. 25,000. b. 100,000. c. 125,000. d. 200,000. e. 0.
In 2019, Mr. Jupiter, a nonresident citizen and with one dependent child, had a net capital loss of P100,000, and Net Loss form Operation of his business of 10,000. In September 2020, he gained P200,000 from the sale of his personal car. How much is the net capital gain to be included in 2020? a. 25,000. b. 100,000. c. 125,000. d. 200,000. e. 0.
Chapter1: The Individual Income Tax Return
Section: Chapter Questions
Problem 4P: In 2019, Lou has a salary of $53,300 from her job. She also has interest income of $1,600 and...
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In 2019, Mr. Jupiter, a nonresident citizen and with one dependent child, had a
net capital loss of P100,000, and Net Loss form Operation of his business of
10,000. In September 2020, he gained P200,000 from the sale of his personal
car. How much is the net
a. 25,000.
b. 100,000.
c. 125,000.
d. 200,000.
e. 0.
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