Compute for the tax due of the following individuals using the RA 10963 tax table. Show computations. 1. An employee with monthly salary of P65,000, monthly allowable deduction of P4,300, bonus of P40,000 for the year.
Compute for the tax due of the following individuals using the RA 10963 tax table. Show computations. 1. An employee with monthly salary of P65,000, monthly allowable deduction of P4,300, bonus of P40,000 for the year.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter8: Payroll Accounting: Employee Earnings And Deductions
Section: Chapter Questions
Problem 3SEA
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Compute for the tax due of the following individuals using the RA 10963 tax table.
Show computations.
1. An employee with monthly salary of P65,000, monthly allowable deduction of
P4,300, bonus of P40,000 for the year.
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