Write a pseudocode that would ask for the monthly compute for the annual income tax based on the table "Income Tax Tables under TRAIN Law. Ensure that personal exemptions are deducted from the annual income tax. Please refer to the
Write a pseudocode that would ask for the monthly compute for the annual income tax based on the table "Income Tax Tables under TRAIN Law. Ensure that personal exemptions are deducted from the annual income tax. Please refer to the
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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Description:
Write a pseudocode that would ask for the monthly income of a working individual. Then
compute for the annual income tax based on the table "Income Tax Tables under TRAIN Law."
Ensure that personal exemptions are deducted from the annual income tax. Please refer to the
personal exemptions below.
Single working iìndividual: P 50,000.00
Married working individual: P 75,000.00
Income Tax Tables under TRAIN Law
(Part 1-Applicable from Year 2018 to 2022)
Source: BIR and www.PinoyMoneyTalk.com
ANNUAL INCOME
TAX RATE
P250,000 and below
None (0%)
Above P250,000 to P400,000
20% of excess over P250,000
Above P400,000 to P800,000
P30,000 + 25% of excess over P400,000
Above P800,000 to P2,000,000
P130,000 + 30% of excess over P800,000
Above P2,000,000 to P8,000,000 P490,000 + 32% of excess over P2,000,000
Above P8,000,000
P2.41 million + 35% of excess over P8 million
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