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%...

2. 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:

Income Tax Tables under TRAIN Law<br>(Part 2 - Applicable from Year 2023 Onwards)<br>Source: BIR and www.PinoyMoneyTalk.com<br>ANNUAL INCOME<br>TAX RATE<br>P250,000 and below<br>None (0%)<br>Above P250,000 to P400,000<br>15% of excess over P250,000<br>Above P400,000 to P800,000<br>P22,500 + 20% of excess over P400,000<br>Above P800,000 to P2,000,000<br>P102,500 + 25% of excess over P800,000<br>Above P2,000,000 to P8,000,000 P402,500 +30% of excess over P2,000,000<br>Above P8,000,000<br>P2.2025 million + 35% of excess over P8 million<br>DinoyMoneyTalk.com<br>

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

Jun 07, 2022

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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%...

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