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7. Computation of withholding tax. Ms. Rachel is employed in SX Corporation and is also a part-time real estate agent for a real estate
7. Computation of withholding tax. Ms. Rachel is employed in SX Corporation and is also a part-time real estate agent for a real estate broker. In addition to the SMW of P180,000 she received from her employer, she likewise received P75,000 as commissions from her real estate dealings for the year 2018. Compute for the income tax due and withholding tax on compensation if Rachel opted for the: 4 a. Graduated rates of tax b. 8% income tax
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