Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Research about tax rates in the Philippines. Based on the existing tax structure, define a piecewise function that models the situation by giving (a) the

Research about tax rates in the Philippines. Based on the existing tax structure, define a piecewise function that models the situation by giving (a) the function's equation, (b) a table showing some function values, and (c) a graph.

image text in transcribed
New Personal Income Tax Rates (For the years 2018 - 2022) Under the approved Tax Reform Bill of the Duterte administration ANNUAL INCOME TAX RATE P250,000 and below None (0%) > P250,000 to P400,000 20% of excess over P250,000 > P400,000 to P800,000 P30,000 + 25% of excess over P400,000 > P800,000 to P2,000,000 P130,000 + 30% of excess over P800,000 > P2,000,000 to P8,000,000 P490,000 + 32% of excess over P2,000,000 Above P8,000,000 P2.41 million + 35% of excess over P8 million P inoyMoneyTalk.com

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Climate Mathematics Theory And Applications

Authors: Samuel S P Shen, Richard C J Somerville

1st Edition

1108750184, 9781108750189

More Books

Students also viewed these Mathematics questions