How much is the tax due

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Question - Mr. Tany Taxo is an employee of DEF Enterprises, a minimum wage earner. He earned an annual income of Php 160,000. He has a total mandatory contributions such as SSS, Philhealth and Pag-ibig amounting to Php 10,500 and received 13th month pay of Php 13,000. How much is Mr. Taxo's income tax liability? Ms. Talend, owner of a mini-groceries while she's on call working in financial consultancy services to her clients.

-She has a gross sales from her business amounting to Php 2,500,000.00 for the 1st Quarter and gross receipts for her consultancy services , Php450,000.00 in 2019. Ms. Talend signified her intention to be taxed at 8% income rate. How much is her tax due?Ms. Talend, failed to signify her intention to be taxed at 8% income tax rate on gross sales in her initial quarterly income tax return, and she incurred expenses as follows:

-Cost of Sales - Php 850.000

-Operating Expenses 375.000

How much is the Tax due?

Reference no: EM133036767

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