Problem 5 d inc exchanged its investments

Problem 5
D. Inc. exchanged its investments representing domestic shares for a piece of land owned by E, Inc.
Fair Market Value of Shares 800, 000
Fair Market value of land 900, 000
Par Value of Shares 300, 000
Cost of Shares 350, 000
Compute for the capital gains tax
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Problem 6
L.A, has the following transactions on the direct sale of domestic corporation shares
Transaction Quantity Price
Purchase 20, 000 40, 000
Purchase 30, 000 53, 000
Sale 40, 000 92, 000
Assuming the first in-first out method, compute the capital gains tax on the sale.

Problem 7
Iloilo, Inc. had the following income in 2019:
Philippines Abroad
Rent Income 10, 000, 000 12, 000, 000
Dividend- Domestic 500, 000 450, 000
Royalties (Related to Music and Literary) 800, 000 200, 000
Gross Income 15, 750, 000 8, 000, 000
Business Expenses 6, 000, 000 3, 500, 000
Compute for the tax due of the corporation assuming that is a Domestic Corporation
Problem 8
Iloilo, Inc. had the following income in 2019:
Philippines Abroad
Rent Income 10, 000, 000 12, 000, 000
Dividend- Domestic 500, 000 450, 000
Royalties (Related to Music and Literary) 800, 000 200, 000
Gross Income 15, 750, 000 8, 000, 000
Business Expenses 6, 000, 000 3, 500, 000
Compute for the final tax of the corporation assuming that is a Domestic Corporation
Problem 9
Mr. Crocodile had the following data for his income tax return in 2019:
Sales 4, 900, 000
Gross Compensation Income 120, 000
Cost of Sales 2, 000, 000
Administrative and Selling Ex. 450, 000
PCSO- Winnings 7, 500
Cash Prize in Singing Contest 25, 000
Royalties (Books published in US) 250, 000
Sale of Land, Capital Asset (4.5 M Cost) 3, 750, 000
Compute for the Income Tax Due Mr. Crocodile assuming that he is a Resident Citizen and opted to be taxed at 8% Income tax
rate option.