SOLUTION: An employee pays an income tax of P12,210.00 on his gross income of P146,520.00. What is the rate taxation on his gross income?

SOLUTION: An employee pays an income tax of P12,210.00 on his gross income of P146,520.00. What is the rate taxation on his gross income?

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Question 930718: An employee pays an income tax of P12,210.00 on his gross income of P146,520.00. What is the rate taxation on his gross income?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
12210/146520=-0.083=8.3%
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