Mara’s employer provides each employee an amount of P8,000 Christmas Bonus. How much of the bonus is taxable? Considering that Mara’s tax percentage is 25%, how much is her tax payable for the said bonus, and how much will be her net income from the bonus?

Mara’s employer provides each employee an amount of P8,000 Christmas Bonus. How much of the bonus is taxable? Considering that Mara’s tax percentage is 25%, how much is her tax payable for the said bonus, and how much will be her net income from the bonus?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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