5/14/22, 8:38 PM DST Computation: Attempt review

Home / Courses / College of Accounting Education (CAE) / S.Y. 2021-2022 (CAE) / 2021-2022 2ND SEM (CAE) / ACC321_10419_2021-2022_2NDSEM-2NDTERM_CAE / Week 8-9

/ DST Computation

Started on Friday, May 13, 2022, 10:52 PM

State Finished
Completed on Friday, May 13, 2022, 10:58 PM
Time taken 5 mins 40 secs
Grade 14.00 out of 14.00 (100%)

Question 1
Correct Mark 2.00 out of 2.00

Mr.
Panga owns a rest house in Pampanga acquired by him for P 10,750,000. He sold
the
same to Mr. Apo in 2017 for P 5,000,000. The fair market value at the time
of sale per
assessor’s office is P 10,000,000 while zonal value is P
15,000,000. The documentary
stamp tax on the transaction is

Answer: 225000 

The correct answer is: 225000

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5/14/22, 8:38 PM DST Computation: Attempt review

Question 2
Correct Mark 2.00 out of 2.00

Lucile
inherited from her father a 1,000-square meter lot. At the time of her father’s
death
on November 1, 2018, the property was valued at P2,000,000. On February
14, 2019, to
defray the cost of the medical expenses of her sick daughter, she
sold the lot to a bosom
friend for only P2,500,000 million, on cash basis. The
prevailing zonal value of the property
at the time of the sale was P3,000,000.
The documentary stamp tax due on the sale of the
real property, if any, is

Answer: 45000 

The correct answer is: 45000

Question 3
Correct Mark 2.00 out of 2.00

Dean
Corporation (newly formed) issued shares of stocks to one of its incorporators,
Mr.
Ed, for P150,000. The par value of the shares issued is P100,000. How much
is the
documentary stamp tax?

Answer: 1000 

The correct answer is: 1000

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5/14/22, 8:38 PM DST Computation: Attempt review

Question 4
Correct Mark 2.00 out of 2.00

 Sweet
sold a piece of lot with zonal value of P4,000,00 to a buyer for P5,000,000.
Compute
the documentary stamp tax.

Answer: 75000 

The correct answer is: 75000

Question 5
Correct Mark 2.00 out of 2.00

 Dean
Corporation (newly formed) issued shares of stocks to one of its incorporators,
Mr.
Ed, for P150,000. How much
is the documentary stamp tax?

Answer: 1500 

The correct answer is: 1500

Question 6
Correct Mark 2.00 out of 2.00

 Dean
Corporation (newly formed) issued shares of stocks to one of its incorporators,
Mr.
Ed, for P150,000. The par value of the shares issued is P100,000. If
the shares with par value were
subsequently sold by Dean, how much is the
documentary stamp tax?

Answer: 750 

The correct answer is: 750

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5/14/22, 8:38 PM DST Computation: Attempt review

Question 7
Correct Mark 2.00 out of 2.00

Sweet
sold a piece of lot with zonal value of P4,000,00 to a buyer for P5,000,000. Compute
the documentary stamp tax assuming the property was sold to the government.

Answer: 75000 

The correct answer is: 75000

◄ Documentary Stamp Tax

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