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    13 views1 page

    Tax Guide

    Uploaded by

    Vergel Martinez

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    1. Pure Compensation Income Earner-Graduated Rates 1.

    Pure Compensation Income Earner-Graduated Rates


    (Table) (Table)

    2. Pure Business/Professional Income Earner 2. Pure Business/Professional Income Earner


    A. If Gross Receipts or Gross Sales is less than 3 Million C. If Gross Receipts or Gross Sales is less than 3 Million
    Option 1: 8% with 250,000 exemption Option 1: 8% with 250,000 exemption
    Option 2: Gross Receipts Option 2: Gross Receipts
    B. If Gross Receipts or Gross Sales is greater than 3 Million D. If Gross Receipts or Gross Sales is greater than 3 Million
    No option, Graduated Rates only (Table) No option, Graduated Rates only (Table)

    3. Mixed Income Earner 3. Mixed Income Earner


    (1) Compensation Income-Graduated Rates (2) Compensation Income-Graduated Rates
    (2.1) If Business/Professional Income is less than 3 Million (2.1) If Business/Professional Income is less than 3 Million
    Option 1: 8% without 250,000 exemption Option 1: 8% without 250,000 exemption
    Option 2: Graduated Rates (Table) Option 2: Graduated Rates (Table)
    (2.2)If Business/Professional Income is greater than 3 Million (2.2)If Business/Professional Income is greater than 3 Million
    No option, Graduated Rates only (Table) No option, Graduated Rates only (Table)

    PURE PURE
    PURE BUSINESS/PROFESSIONAL INCOME PURE BUSINESS/PROFESSIONAL INCOME
    COMPENSATION COMPENSATION
    EARNER EARNER
    INCOME EARNER INCOME EARNER
    GR/GS less than 3M GR/GS GR/GS less than 3M GR/GS
    greater than greater than
    Graduated Rates 3M Graduated Rates 3M
    (Tax Table) Option 1 Option 2 Graduated (Tax Table) Option 1 Option 2 Graduated
    8% with 250K Graduated Rates 8% with 250K Graduated Rates
    exemption Rates (Table) (Tax Table) exemption Rates (Table) (Tax Table)

    MIXED INCOME EARNER MIXED INCOME EARNER


    Compensation GR/GS less than 3M GR/GS Compensation GR/GS less than 3M GR/GS
    Income greater than Income greater than
    -Graduated Rates 3M -Graduated Rates 3M
    (Tax Table) Option 1 Option 2 Graduated (Tax Table) Option 1 Option 2 Graduated
    8% without Graduated Rates 8% without Graduated Rates
    exemption Rates (Table) (Tax Table) exemption Rates (Table) (Tax Table)

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