Let’s see after your graduation, you will be offered an engineering job with a large company that has offices in Davao City and Cagayan del Oro City. The salary is P35,000 per month at either location. But for the sake of computation, Davao City income tax is 6% and Cagayan del Oro is 3.07%. If you accept the position in Cagayan del Oro and stay with the company for 10 years, what is the FW of the tax savings? (Your personal MARR is 10% per year.)

Let’s see after your graduation, you will be offered an engineering job with a large company that has offices in Davao City and Cagayan del Oro City. The salary is P35,000 per month at either location. But for the sake of computation, Davao City income tax is 6% and Cagayan del Oro is 3.07%. If you accept the position in Cagayan del Oro and stay with the company for 10 years, what is the FW of the tax savings? (Your personal MARR is 10% per year.)

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter9: Deductions: Employee And Self- Employed-related Expenses

Section: Chapter Questions

Problem 49P

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