Write a pseudocode that would ask for the monthly compute for the annual income tax based on the table "Income Tax Tables under TRAIN Law. Ensure that personal exemptions are deducted from the annual income tax. Please refer to the

Computer Networking: A Top-Down Approach (7th Edition)
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ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
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Description:
Write a pseudocode that would ask for the monthly income of a working individual. Then
compute for the annual income tax based on the table "Income Tax Tables under TRAIN Law."
Ensure that personal exemptions are deducted from the annual income tax. Please refer to the
personal exemptions below.
Single working iìndividual: P 50,000.00
Married working individual: P 75,000.00
Income Tax Tables under TRAIN Law
(Part 1-Applicable from Year 2018 to 2022)
Source: BIR and www.PinoyMoneyTalk.com
ANNUAL INCOME
TAX RATE
P250,000 and below
None (0%)
Above P250,000 to P400,000
20% of excess over P250,000
Above P400,000 to P800,000
P30,000 + 25% of excess over P400,000
Above P800,000 to P2,000,000
P130,000 + 30% of excess over P800,000
Above P2,000,000 to P8,000,000 P490,000 + 32% of excess over P2,000,000
Above P8,000,000
P2.41 million + 35% of excess over P8 million
Transcribed Image Text:Vea Optiona Y are vewing to See's semen 18m ago O DISCORD huh egeneral-chat-e, CHAT AREA) aight just dm me na Ing Description: Write a pseudocode that would ask for the monthly income of a working individual. Then compute for the annual income tax based on the table "Income Tax Tables under TRAIN Law." Ensure that personal exemptions are deducted from the annual income tax. Please refer to the personal exemptions below. Single working iìndividual: P 50,000.00 Married working individual: P 75,000.00 Income Tax Tables under TRAIN Law (Part 1-Applicable from Year 2018 to 2022) Source: BIR and www.PinoyMoneyTalk.com ANNUAL INCOME TAX RATE P250,000 and below None (0%) Above P250,000 to P400,000 20% of excess over P250,000 Above P400,000 to P800,000 P30,000 + 25% of excess over P400,000 Above P800,000 to P2,000,000 P130,000 + 30% of excess over P800,000 Above P2,000,000 to P8,000,000 P490,000 + 32% of excess over P2,000,000 Above P8,000,000 P2.41 million + 35% of excess over P8 million
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