Can I read Income Tax Computation Examples on EtoBox?

Income Tax Computation Examples by Angelica Rubios is a document available to read on EtoBox.

What is Income Tax Computation Examples about?

Mr. X earned P150,000 in compensation income in 2018 and had no income tax liability. In 2019, with additional overtime and other pay totaling P160,000, his taxable income was P293,000 but he still had no tax liability as the additional pay amounts were exempted. Ms. Terry earned P400,000 from consultancy and P900,000 from her store in 2018. She signified an 8% tax rate and owed P84,000 in taxes. If she had not, and incurred P800,000 in costs and P300,000 in expenses, her taxable income would be P200,000,

Author

Angelica Rubios

Language

EN