Question: Please answer it. Thank you Assessment: A. Answer the following questions briefly: 1. Compare and contrast the steps in computing the taxable income of a

Please answer it. Thank you

Assessment: A. Answer the following questions briefly: 1. Compare and contrast the steps in computing the taxable income of a government employee and an employee in the private sector? 2. If you are an employee, what is the importance of knowing how to compute your own taxes? 3. As an ABM student, how will you apply income taxation in your daily life? Compute what is asked. Show your solutions in good form. 1. Madeleine works as an accounting staff in a private accounting firm. Her gross salary for 15 days is P15,000. How much is her income tax for the year? 2. Mario is employed as a driver in a local government unit. His monthly salary is P12,000. Compute for his income tax. 3. If the monthly PhilHealth contribution of Lester is P300, how much is his monthly salary? How much income tax will he pay assuming he works in a government office? What if he is in a private company, how much tax would he pay

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