90.2K
Verified Solution
Link Copied!
2. List down the tax rates for individual taxpayers.
\begin{tabular}{|c|c|} \hline Income & Tax (TRAIN Law 2018-2022) \\ \hline Below 250,000 & Exempt \\ \hline 250,000400,000 & 20% excess of 250,000 \\ \hline 400,000800,000 & 30,000+25% excess of 400,000 \\ \hline 800,0002,000,000 & 130,000+30% excess of 800,000 \\ \hline 2,000,0008,000,000 & 490,000+32% excess of 2,000,000 \\ \hline Above 8,000,000 & 2,410,000+35% excess of 8,000,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline Income & Tax (TRAIN Law 2018-2022) \\ \hline Below 250,000 & Exempt \\ \hline 250,000400,000 & 20% excess of 250,000 \\ \hline 400,000800,000 & 30,000+25% excess of 400,000 \\ \hline 800,0002,000,000 & 130,000+30% excess of 800,000 \\ \hline 2,000,0008,000,000 & 490,000+32% excess of 2,000,000 \\ \hline Above 8,000,000 & 2,410,000+35% excess of 8,000,000 \\ \hline \end{tabular}
Answer & Explanation
Solved by verified expert
