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Compute for the tax due of the following individuals using the RA 10963 tax table. Show computations. 1. An employee with monthly salary of
Compute for the tax due of the following individuals using the RA 10963 tax table. Show computations. 1. An employee with monthly salary of P65,000, monthly allowable deduction of P4,300, bonus of P40,000 for the year. 2. A business has net income before tax of P310,000. 3. An employee with annual salary of P1,000,000, annual total contributions of P48,000 and bonus of P200,000 for the year. 4. A business has net income before tax of P999,000. 5. An employee with annual salary of P150,000, annual total contributions of P1,000 and bonus of P12,000 for the year.
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