1. How much is the tax due on a taxable income of P150,000 a. 0 b. 1,250 c. 50,000 d. 30,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1. How much is the tax due on a taxable income of P150,000
a. 0
b. 1,250
c. 50,000
d. 30,000
2. How much is the tax due on a taxable income of P900,000
a. 127,000
b. 160,000
c. 175,000
d. 181,000
3. Mrs Angela earns a compensation income of P530,000 during a 
taxable year. How much is the tax due to Mrs Angela?
a. 25,600
b. 26,500
c. 56,200
d. 60,000
4. Mr Mario earns a compensation income of P13,870,000 during 
2019. How much is the tax due to Mr Mario?
a. 4,464,500 b. 4,854,500
 Week 5 ACTIVITIES 5 
30 Fundamentals of Accountancy, Business and Management 2
c. 5,914,000 d. 6,111,000
5. The pay slip of Mr. Kier shows the following information:
Basic salary 462,000
SSS contribution 6,679
PhilHealth contribution 5,520
Pag-IBIG contribution 1,200
How much is the tax due to Mr. B?
a. 42,150
b. 43,442
c. 44,464
d. 44,644

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