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To determine the bonus amount needed for the employee to net 500 pesos after a 30% tax deduction, you can use the formula: Net Amount = Gross Amount - (Tax Rate × Gross Amount). Rearranging this, the Gross Amount (bonus) can be calculated as Net Amount / (1 - Tax Rate). In this case, the calculation would be 500 / (1 - 0.30) = 500 / 0.70, which equals approximately 714.29 pesos. Thus, the employee should receive a bonus of about 714.29 pesos to net 500 pesos after taxes.

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2w ago

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