Create a flowchart diagram that will input the Gross Income of a particular employee, and compute for the output of his/her Tax and Net Income according to the table given below:
Please answer in print form. I wasn't able to understand when it was written. I felt like my chance to ask was wasted.
Extracted text: Income Tax Tables under TRAIN Law (Part 2- Applicable from Year 2023 Onwards) Source: BIR and www.PinoyMoneyTalk.com ANNUAL INCOME TAX RATE P250,000 and below None (0%) Above P250,000 to P400,000 15% of excess over P250,000 Above P400,000 to P800,000 P22,500 + 20% of excess over P400,000 Above P800,000 to P2,000,000 P102,500 + 25% of excess over P800,000 Above P2,000,000 to P8,000,000 P402,500 + 30% of excess over P2,000,000 Above P8,000,000 P2.2025 million + 35% of excess over P8 million DinoyMoneyTalk.com