Question

Lamont earns an annual salary of $58,000. He has to pay a 4.5% income tax on his earnings. How much does Lamont pay in income tax?

Answer 1

Answer:If you make ₱ 58,000 you will be taxed ₱ 4,711. That means that your net pay will be ₱ 53,289 per year, or ₱ 4,441 per month.