Multiple Choices: Problems - Part 2
1. d. 0
COMPUTATION:
Holding period percentage 2018 2019
Net income before dealings P90,000 P120,00
in capital asset
Dealings in capital asset:
Short-term Capital Gains 100% 35,000 60,000
Long-term capital gains 50% 20,000 12,500
Short-term capital loss 100% (60,000)
(50,000)
Long-term capital loss 50% (40,000)
(10,000)
Net capital gain (loss) (45,000) 12,500
The net capital gain shall be computed for 2019 as follows:
2018 2019
Net capital gain (loss) (45,000) 12,500
Carry over: Lowest of P45K,
P12.5K and P90k 12,500 (12,500)
Net capital gain P 0
2. d. P15,000
COMPUTATION:
2019
Net income before dealings 120,000
in capital asset
Dealings in capital asset:
Short-term Capital Gains 60,000
Long-term capital gains 25,000
Short-term capital loss (50,000)
Long-term capital loss (20,000)
Net capital gain (loss) P15,000
3. c. P34,000
COMPUTATION:
2017 2018 2019
Net income (loss) before dealings 20,000 (70,000) 120,000
Capital Gain 30,000 15,000 34,000
Capital Loss (52,000) (18,000) -
Net capital gain (loss) (22,000) (3,000) 34,000
4. a. P7,000 as net capital gain
COMPUTATION:
Holding period percentage Gain (Loss)
Capital gain 50% 15,000
