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Activity: Tax Rates in the Philippines Based on the existing tax structure, you are to define a piecewise function that models this situation. You may give the function through (a) equation, (b) table showing some values, or (c) graph. Tax Rate Table: New Personal Income Tax Rates (For the years 2018 - 2022) Under the approved Tax Reform Bill of the Duterte administration ANNUAL INCOME TAX RATE P250,000 and below > P250,000 to P400,000 None (0%) 20% of excess over P250.000 > P400,000 to P800,000 P30,000 + 25% of excess over P400,000 > P800,000 to P2,000,000 P130,000 + 30% of excess over P800,000 > 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 Pinoy MoneyTalk.com Source: https://www.pinterest.ph/pin/722898177661051772

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