The document discusses the tax structure in the Philippines. It provides the tax rates for different levels of annual income which range from 0% for incomes below 250,000 PHP to 35% for incomes over 8,000,000 PHP. It then calculates the tax dues for 6 community taxpayers based on their annual incomes using the piecewise tax rate function. A table and graph are presented to compare the taxpayers' annual incomes and corresponding tax dues.
The document discusses the tax structure in the Philippines. It provides the tax rates for different levels of annual income which range from 0% for incomes below 250,000 PHP to 35% for incomes over 8,000,000 PHP. It then calculates the tax dues for 6 community taxpayers based on their annual incomes using the piecewise tax rate function. A table and graph are presented to compare the taxpayers' annual incomes and corresponding tax dues.
Original Title
General Mathematics Performace Task_arthur John a. Balo
The document discusses the tax structure in the Philippines. It provides the tax rates for different levels of annual income which range from 0% for incomes below 250,000 PHP to 35% for incomes over 8,000,000 PHP. It then calculates the tax dues for 6 community taxpayers based on their annual incomes using the piecewise tax rate function. A table and graph are presented to compare the taxpayers' annual incomes and corresponding tax dues.
The document discusses the tax structure in the Philippines. It provides the tax rates for different levels of annual income which range from 0% for incomes below 250,000 PHP to 35% for incomes over 8,000,000 PHP. It then calculates the tax dues for 6 community taxpayers based on their annual incomes using the piecewise tax rate function. A table and graph are presented to compare the taxpayers' annual incomes and corresponding tax dues.
In General Mathematics Tax Structure In The Philippines ARTHUR JOHN A. BALO 11-STEM2 What is a tax structure? T he tax structure consists of the central government, state governments, and local municipal bodies. The direct tax includes income tax, gift tax, capital gain tax, etc. While indirect tax includes value-added tax, service tax, good and service tax, customs duty, etc. The Rubrics GOAL- To represent the tax structure of the Philippines
ROLE- A newly hired public accountant in your
community
AUDIENCE- Small time business taxpayers
SITUATION- You need to compare the amount of tax
deducted from taxpayers within their various levels of income. Annual Income Tax Rate P250,000 and below 0% This is the BIR Above P250,000 to P400,000 20% of the excess over P250,000 tax table Above P400,000 to P800,000 P30,000 + 25% of the excess applicable from over P400,000 year 2018 to Above P800,000 to P2,000,000 P130,000 + 30% of the excess over P800,000 2022. Above P2,000,000 to P490,000 + 32% of the P8,000,000 excess over P2,000,000 Above P8,000,000 P2,410,000 + 35% of the excess over P8,000,000 Piecewise Function Where; Function’s Equation X= annual taxable income T(x)= A+[P(x-y)] Y= minimum value of salary range
A= additional amount of a salary range
P= percentage of the excess
Community Taxpayers A.)Christian Dior D.)Donatella Versace =P235,760 =P1,598,000
