Question

You own a business that is taxed at the rate of 35%. If your business earns P123,500.00 for the year, how much will you pay your income tax? ​

Answer 1

Answer:

43,225

Step-by-step explanation:

1. 35% divided by 100 to get 0.35
2. 0.35 x P 123,500.00
3. equals 43,225

YOUR WELCOME

Answer 2

Given:

Tax at the rate of 35 %.

Business earns Rs. 123,500.00 for the year.

To find :

How much amount to be paid for income tax.

Solution:

To calculate 35 % of Rs. 123,500 ,

Income tax = $\frac{35}{100}$ × 123500

Income tax = 0.35 × 123500

Income tax = 43,225

Final answer:

The amount to be paid for income tax at the rate of tax 35 % if the business earns Rs. 123,500 is Rs.43,225.