Mara’s employer provides each employee an amount of P8,000 Christmas Bonus. How much of the bonus is taxable? Considering that Mara’s tax percentage is 25%, how much is her tax payable for the said bonus, and how much will be her net income from the bonus?
Mara’s employer provides each employee an amount of P8,000 Christmas Bonus. How much of the bonus is taxable? Considering that Mara’s tax percentage is 25%, how much is her tax payable for the said bonus, and how much will be her net income from the bonus?
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
Problem 12MCQ
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Mara’s employer provides each employee an amount of P8,000 Christmas Bonus. How much of the bonus is taxable? Considering that Mara’s tax percentage is 25%, how much is her tax payable for the said bonus, and how much will be her net income from the bonus?
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT