Answer the following: Refer to the table provided (A) Income Tax RatesEffective Jan. 1, 2018 until Dec. 31, 2022:RANGE OF TAXABLETAX DUE = a + (b x c)INCOMEBASICADDITIONALOF EXCESSOVERNOT OVERAMOUNTRATEOVER(a)(b)(c)250,000.00400,000.00800,000.002,000,000.008,000,000.00250,000.0020%400,000.00800,000.00250,000.00400,000.0030,000.0025%130,000.00490,000.002,410,000.0030%2,000,000.008,000,000.00800,000.002,000,000.008,000,000.0032%35% Problem 8AdoNon-Resident AlienMs. Camellia is an alien employed by Cadence Corp., a regional headquarter (RHQ) of amultinational company. She received compensation income of P2,000,000 in 2018,including P150,000 13th month pay and other benefits. Compute for Ms. Camellia'sincome tax due for the year.

Ms. Camellia is non resident alien . It means she was in Phillipines for more…

Answered: Non-Resident Alien

Business

Accounting

Non-Resident Alien

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter2: Gross Income And Exclusions

Section: Chapter Questions

Problem 12MCQ

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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

Answer the following: Refer to the table provided

(A) Income Tax Rates
Effective Jan. 1, 2018 until Dec. 31, 2022:
RANGE OF TAXABLE
TAX DUE = a + (b x c)
INCOME
BASIC
ADDITIONAL
OF EXCESS
OVER
NOT OVER
AMOUNT
RATE
OVER
(a)
(b)
(c)
250,000.00
400,000.00
800,000.00
2,000,000.00
8,000,000.00
250,000.00
20%
400,000.00
800,000.00
250,000.00
400,000.00
30,000.00
25%
130,000.00
490,000.00
2,410,000.00
30%
2,000,000.00
8,000,000.00
800,000.00
2,000,000.00
8,000,000.00
32%
35%

Problem 8A
do
Non-Resident Alien
Ms. Camellia is an alien employed by Cadence Corp., a regional headquarter (RHQ) of a
multinational company. She received compensation income of P2,000,000 in 2018,
including P150,000 13th month pay and other benefits. Compute for Ms. Camellia's
income tax due for the year.

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