An honorarium of ₱8,500 is subject to 10% withholding. What is the net amount received?

Correct answer: D. ₱7,650

Withholding = 10% of ₱8,500 = ₱850. Net = ₱8,500 − ₱850 = ₱7,650. Or compute 90% directly: 0.9 × 8,500 = 7,650. The 10% rate is an example; actual withholding rates depend on tax rules.

easy

Answer and explanation

The correct answer is D. ₱7,650

Withholding = 10% of ₱8,500 = ₱850. Net = ₱8,500 − ₱850 = ₱7,650. Or compute 90% directly: 0.9 × 8,500 = 7,650. The 10% rate is an example; actual withholding rates depend on tax rules.

Topic: Consumer and Office Math MCQs · Subject: Numerical Ability