Beatrix’s annual salary is ₱430,000.00. While she is single, she has one dependent declared under her name. By the end of the fiscal year, her total withholding tax is ₱120,000.00. Compute for her income tax payable at the end of the fiscal year.
Beatrix’s annual salary is ₱430,000.00. While she is single, she has one dependent declared under her name. By the end of the fiscal year, her total withholding tax is ₱120,000.00. Compute for her income tax payable at the end of the fiscal year.
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 67IIP
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Beatrix’s annual salary is ₱430,000.00. While she is single, she has one dependent declared under her name. By the end of the fiscal year, her total withholding tax is ₱120,000.00. Compute for her income tax payable at the end of the fiscal year.
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