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: 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)   (Show Source): You can put this solution on YOUR website!
 
Hi,
What is the rate of taxation on his gross income?
(12,210/146,520)*100 = 8.33%
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