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The bonus related formula are given below: BB=Basic bonus AB= Additional bonus T= Tax BB=10% (P2,000,000* -T) T=40%(P2,000,000-BB-AB) AB= 50% of tax savings due
The bonus related formula are given below: BB=Basic bonus AB= Additional bonus T= Tax BB=10% (P2,000,000* -T) T=40%(P2,000,000-BB-AB) AB= 50% of tax savings due to the bonuses *Net income before the bonuses and tax REQUIRED: Using 2 solutions, compute for the following: 1. Basic bonus 2. Additional bonus 3. Tax
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Lets compute for the Basic Bonus BB Additional Bonus AB and Tax T using the given formulas and two d...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
