How much is the tax due on a taxable income of P150,000? Answer: b. How much is the tax due on a taxable income of P290,000? Answer: c. Ms. Carol earns compensation income of P3,230,000 during a  taxable year. How much is the tax due of Ms. Carol?

Fundamentals of Financial Management, Concise Edition (MindTap Course List)
9th Edition
ISBN:9781305635937
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter3: Financial Statements, Cash Flow, And Taxes
Section: Chapter Questions
Problem 8P: PERSONAL TAXES Susan and Stan Britton are a married couple who file a joint income tax return, where...
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Activity 5
Answer the following questions below using the graduated tax 
table. Write your answer on the space provided after every 
questions.
a. How much is the tax due on a taxable income of P150,000?
Answer:
b. How much is the tax due on a taxable income of P290,000?
Answer:
c. Ms. Carol earns compensation income of P3,230,000 during a 
taxable year. How much is the tax due of Ms. Carol? 
Answer:
d. Mrs. Emily married earns compensation income of P460,000 
during 2019. How much 1s the tax due of Mrs. Emily? 
Answer:
 Week 5 ACTIVITIES 5 
29 Fundamentals of Accountancy, Business and Management 2
e. The payslip of Mr. Budoy shows the following information:
Basic salary P348,000
SSS contribution 6,976
PhilHealth contribution 4,500
Pag-IBIG contribution 1,210
How much is the tax due to Mr. Budoy?
Answer:

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