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    Instruction: Provide The Nestedif Formula and The Appropriate Tax Due. If Taxable Income Is

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    Ashley Mae
    The document provides a tax rate table with taxable income brackets and corresponding tax due. It then provides sample taxable incomes and computes the tax due using three different methods and manually to check the results.

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    Instruction: Provide The Nestedif Formula and The Appropriate Tax Due. If Taxable Income Is

    Uploaded by

    Ashley Mae
    15 views1 page
    The document provides a tax rate table with taxable income brackets and corresponding tax due. It then provides sample taxable incomes and computes the tax due using three different methods and manually to check the results.

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    Original Title

    22731_NESTEDIFACTUALTAXTABLETOPORTAL (1)

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    The document provides a tax rate table with taxable income brackets and corresponding tax due. It then provides sample taxable incomes and computes the tax due using three different methods and manually to check the results.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    15 views1 page

    Instruction: Provide The Nestedif Formula and The Appropriate Tax Due. If Taxable Income Is

    Uploaded by

    Ashley Mae
    The document provides a tax rate table with taxable income brackets and corresponding tax due. It then provides sample taxable incomes and computes the tax due using three different methods and manually to check the results.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    Instruction: Provide the nestedif formula and the appropriate tax due.

    IF TAXABLE INCOME IS TAX DUE


    Not Over P10,000.00 5%
    Over P10,000 but not over P30,000 P500 + 10% of the excess over P10,000
    Over P30,000 but not over P70,000 P2,500 + 15% of the excess over P30,000
    Over P70,000 but not over P140,000 P8,500 + 20% of the excess over P70,000
    Over P140,000 but not over P250,000. P22,500 + 25% of the excess over P140,000
    Over P250,000 but not over P500,000 P50,000 + 30% of the excess over P250,000
    Over P500,000.00 125,000 + 32% of the excess over 500,000.00

    TAXABLE INCOME Method 1 Method 2 Method 3 Manually Computed


    70,000.00 8,500.00
    175,000.00 31,250.00
    28,500.00 2,350.00
    125,000.00 19,500.00
    225,000.00 43,750.00
    778,000.00 213,960.00
    500,001.00 125,000.32
    9,999.00 499.95

    Instruction:

    Compute the corresponding taxes following the 3 methods. Refer to Nestedif in the computation of grades.

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