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To compute the community tax, you will need the basic community tax that should be applied based on income. As of 2013, the minimum basic community tax is five pesos for individuals, and five hundred pesos for corporations.

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How do you calculate the tax on a premature distribution of an IRA?

To calculate the tax on a premature distribution from an IRA, you first determine the amount being withdrawn before the age of 59½. This amount is generally subject to ordinary income tax, which is based on your tax bracket. Additionally, a 10% early withdrawal penalty applies to the distribution unless you qualify for an exception. To compute the total tax impact, add the income tax amount and the penalty together.


To compute federal income tax to be withheld use the net earnings and number of allowances and deduct over-time. use gross earnings number of allowances and marital status. use net earnings and Form W?

To compute federal income tax withholding, use gross earnings, the number of allowances claimed on the employee's Form W-4, and their marital status. Overtime should be included in gross earnings, as it affects the total income subject to tax withholding. Net earnings are not used for this calculation; instead, focus on the gross amount to determine the appropriate tax withholding based on the IRS tax tables. Form W-4 provides essential information for accurately calculating the withholding amount.


What is the sales tax on 112.00 when tax is 6.25?

The total tax is $7.00 and the total price with tax is $119.00


What would the tax be if the price is 74.99?

It depends on what percent tax you have to pay on it. For 6% tax: 79.49 For 7% tax: 80.24 For 8% tax: 80.99


How much tax on 96 with 7 percent sales tax?

The tax is $6.72

Related Questions

When is the expiration of the community tax certificate in the Philippines?

Expiration of the the Community Tax Certificate is on the last day of the year.


How do you compute water consumption in the Philippines?

How do you compute water consumption in the Philippines?Read more: How_do_you_compute_water_consumption_in_the_Philippines


Can foreigners acquire community tax certificates in the Philippines?

No. Community tax certificates also serve as residence certificates and are acquired in the local government unit where a citizen lives, studies or works.


How do you compute expanded withholding tax on sales of goods if there is discount?

compute nased on net sales


How do you compute capital gains tax?

To compute capital gains tax, subtract the original purchase price of an asset from the selling price to determine the capital gain. Then, apply the capital gains tax rate to the gain to calculate the tax owed.


Is there a Tax shield on compensation in the Philippines?

There is no law regarding tax shields in the Philippines.


What is community tax certificate number?

A Community Tax Certificate (CTC) number is a unique identifier assigned to individuals or businesses in the Philippines as evidence of the payment of community tax, which is a local tax levied on residents and entities. This certificate is often required for various legal and administrative purposes, such as securing permits and licenses. The CTC contains essential information, including the taxpayer's name, address, and the amount of tax paid. It serves as proof of compliance with local tax regulations.


How do you compute the tax due if my taxable income is 30000?

Use the formula supplied by the tax authorities in the country in which your reside.


Do government tax agencies use accounting information to compute taxes?

Yes


What is Reformed Value Added Tax in the Philippines?

The Reformed Value Added Tax in the Philippines is a consumption tax. The tax is paid on the purchase price. The abbreviation is RVAT.


What are the advantages and disadvantages of expanded value added tax in the Philippines?

the advantage of Tax law in the Philippines ,is that it helps too generate all the programs of the government that benefits the community too.... the Disadvantage is when the government tries to implement this taxation the income of each persons decreases including Alipe


Tax advantages of private limited company?

can someone spell out what fringe benefit tax is and how an accountant of a compnay should compute the same