III.Determine the total transaction fee of each stock investment when it will be sold. Complete the table below and round off your answer to the nearest hundredths. Fees Gross Trade Amount |less Computation 1000 shares x P217.75 Amount (13) P 0.0025 x P 217,750 _(15). _(17). (19)_ (21). Broker's Commission (14), (16), (18), (20). (22) (23). P Value Added Tax 0.12 x P PSE transaction fee Clearing Fee Sales tax 0.00005 x P P 0.0001 x P 0.005 x P P Total

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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III.Determine the total transaction fee of each stock investment when it will be sold.
Complete the table below and round off your answer to the nearest hundredths.
Fees
Gross Trade Amount
Computation
1000 shares x P217.75
Amount
P
(13)
less
Broker's Commission
Value Added Tax
PSE transaction fee
0.0025 x P 217, 750
(15).
(17).
(19).
(21).
(14).
(16).
(18)
_(20).
(22),
_(23).
0.12 x P
0.00005 x P
Clearing Fee
Sales tax
0.0001 x P
0.005 x P
Total
Transcribed Image Text:III.Determine the total transaction fee of each stock investment when it will be sold. Complete the table below and round off your answer to the nearest hundredths. Fees Gross Trade Amount Computation 1000 shares x P217.75 Amount P (13) less Broker's Commission Value Added Tax PSE transaction fee 0.0025 x P 217, 750 (15). (17). (19). (21). (14). (16). (18) _(20). (22), _(23). 0.12 x P 0.00005 x P Clearing Fee Sales tax 0.0001 x P 0.005 x P Total
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