If you are looking for the answer of how much tax for how much income, you’ve got the right page. We have approximately 10 FAQ regarding how much tax for how much income. Read it below.
Gross income of ABC Corporation is P5,000,000.00 and its net
Ask: Gross income of ABC Corporation is P5,000,000.00 and its net taxable income is P3,000,000.00. How much is the income tax?
P200.0000.00 ayanncguro hpoiwyyweo
how much is the tax due on a taxable income
Ask: how much is the tax due on a taxable income of 150,000
have a nice day
If the taxpayer is a resident citizen, how much is
Ask: If the taxpayer is a resident citizen, how much is the final tax on dividend income? *
Dividend income of an individual citizen and a resident alien received from domestic corporations is subject to 10% final withholding tax
Corporate – Income determination
Last reviewed – 30 June 2021
Inventories are generally stated at the lower of cost or net realisable value. Last in first out (LIFO) is not allowed for tax purposes. Generally, the inventory valuation method for tax purposes must conform to that used for financial reporting purposes.
Capital gains are not generally subject to CIT but may be subject to capital gains tax. See Capital gains tax in the Other taxes section for more information.
Dividends received by a domestic or resident foreign corporation from another domestic corporation are not subject to tax. These dividends are excluded from the taxable income of the recipient.
Dividends received by a non-resident foreign corporation from a domestic corporation are subject to a general final WHT at the rate of 25%. A lower rate of 15% applies if the country in which the corporation is domiciled either does not impose income tax on such dividends or allows a tax deemed paid credit of 15% (10% beginning 1 July 2020) or the difference between the CIT and 15% tax on dividends). Treaty rates ranging from 10% to 25% may also apply if the recipient is a resident of a country with which the Philippines has a tax treaty (see the Withholding taxes section).
A Philippine corporation can distribute stock dividends tax-free, proportionately to all shareholders. The subsequent cancellation or redemption of such stocks, however, shall be taxable to the extent that it represents a distribution of earnings.
Sarah annual income is 252,000. If 15% of her income
Ask: Sarah annual income is 252,000. If 15% of her income goes to taxes how much is left to her? with solution.
252,000 × .15 = 37,800
252,000 – 37,800 = 214,200
How much is the tax due on a taxable income
Ask: How much is the tax due on a taxable income of P290,000?
35% or P101,500
Karen earns PhP168, 000 a year. If 15% of her
Ask: Karen earns PhP168, 000 a year. If 15% of her income goes to taxes, how much of her income goes
Php 168,000 × .15 = Php 25,200
About Php 25,200 of Karen’s earning goes to taxes.
4. Rina earns P172,500 a year. If 12% of her
Ask: 4. Rina earns P172,500 a year. If 12% of her income goes to taxes, how much of her income goes to taxes?
Plss see my analysis
B) There is no tax on income up to Php20,000.
Ask: B) There is no tax on income up to Php20,000. Income over php20,000 and up to Php35,000 is taxed at 8%. Income over Php35,000 at 14%. Determine how much tax is to be paid on an income of Php53,000? (5 pts)
Income Tax is a tax on a person’s income, emoluments, profits arising from property, practice of profession, conduct of trade or business or on the pertinent items of gross income specified in the Tax Code of 1997 (Tax Code), as amended, less the deductions if any, authorized for such types of income, by the Tax Code, as amended, or other special laws.
hope it helps and thanks sa point
If the net taxable compensation income is Php275,000 how much
Ask: If the net taxable compensation income is Php275,000 how much is the income tax?
Under the 2018 Philippine revised income tax rates (TRAIN or the Tax Reform for Acceleration and Inclusion Program):
Above 250,000-400,000 ⇒ 20% of the excess over 250,000.
Net Taxable Income: Php 275,000
Income Tax = (0.20) (Php 275,000 – Php 250,000)
= (0.20) (Php 25,000)
= Php 5,000
ANSWER: Php 5,000
25% of a man's monthly income goes to income tax
Ask: 25% of a man’s monthly income goes to income tax . If the tax on his monthly income was P9,250 , how much is the man’s monthly income ?
6,937.5 was the man’s monthly income
9,250 x 0.28 = 2,312.5
- 2,312.5 – 9,250 = 6,937.5