SOLUTION: An employee pays an income tax of P12,210.00 on his gross income of P146,520.00. What is the rate of taxation on his gross income?
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Question 465563
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An employee pays an income tax of P12,210.00 on his gross income of P146,520.00. What is the rate of taxation on his gross income?
Answer by
ewatrrr(24785)
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Hi,
What is the rate of taxation on his gross income?
(12,210/146,520)*100 = 8.33%
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