Fabm 12 Q2 1002 SS

Fundamentals of Accountancy, Business,
and Management 2
Accountancy, Business, and Management
Name: Date:
10.2 Introduction to Taxation
Principles and Purpose of Taxation 30 minutes
Learning Competency
This activity aims to target the following DepEd competency:
Explain the principles and purposes of taxation (ABM_FABM12-IIh-j-19).
Instructions
A table defining and illustrating the principles and purposes of taxation

Product
In your own understanding, provide 2 to 3 sentences defining the following concepts and
give an example of each.
Concept Definition Example
Principle of
Reciprocity
1
and Management 2
Power of Taxation
Primary Purpose
Lesson 10.2: Introduction to Taxation 2
c
and Management 2
Secondary Purpose
Suggested Rubric for Grading

The rubric below is a suggested one. Your teacher may modify the rubric based on your
needs. Consult your teacher for the final rubric.
Performance Levels
Criteria Suggested
1 2 3 Score
Weight
Beginning Average Advanced
Proficiency Proficiency Proficiency
Understanding The definitions reflect The definitions reflect The definitions
of concepts a developing a sufficient reflect a mastery of

understanding of the understanding of the the ideas and ×3
ideas and concepts ideas and concepts concepts discussed.
discussed. discussed.
Authenticity of The examples The examples The examples
examples provided are provided are provided are

inauthentic and do somewhat authentic authentic and
not reflect situations and fairly reflect excellently reflect ×2
and scenarios that situations and situations and
happen in real life. scenarios that happen scenarios that
in real life. happen in real life.
Total Possible Score 15
c
and Management 2
Teacher’s Feedback
_________________________________________________________________________________________________
_________________________________________________________________________________________________
_________________________________________________________________________________________________
c
and Management 2
Name: Date:
10.2 Introduction to Taxation
Income Tax on Compensation 30 minutes
Learning Competencies
This activity aims to target the following DepEd competencies:
● Prepare the BIR forms. (ABM_FABM12-IIh-j-18)
● Compute the gross taxable income and tax due. (ABM_FABM12-IIh-j-21)
Instructions
Accomplished BIR Form and calculations of taxable income and tax due
Product
Answer the following questions. You may refer to the table provided.
Amount of Taxable Income Tax Due
Over But not Over
- ₱250,000 Nil
₱250,000 ₱400,000 20% of the excess over ₱250,000
₱400,000 ₱800,000 ₱30,000 PLUS 25% of the excess over ₱400,000
₱800,000 ₱2,000,000 ₱130,000 PLUS 30% of the excess over ₱800,000
₱2,000,000 ₱8,000,000 ₱490,000 PLUS 32% of the excess over ₱2,000,000
Above ₱8,000,000 ₱2,410,000 PLUS 35% of the excess over ₱8,000,000
c
and Management 2
1. Camelle is a rank and file employee. Her taxable income for the year ended 2022
amounted to ₱267,000.00. How much is her tax due for the year?
2. The following pertains to the compensation income of Jerome for 2022. He only
has compensation as the source of his income:
Gross Income ₱678,000

SSS contribution 13,500
Philhealth contribution 13,500
Pag-ibig contribution 1,200
How much is his taxable income for the year?
3. The following pertains to the compensation income of Rose for 2022. She only
has compensation as the source of her income:
Gross Income ₱678,000

SSS contribution 13,560
Philhealth contribution 21,600
Pag-ibig contribution 1,200
c
and Management 2
How much is her income tax due for the year?
4. Choose one from among the taxpayers presented in this activity. Accomplish a
BIR Form 2316 for them. You may use this template. Feel free to provide other
information. However, ensure that those necessary for the computation of tax
due are accurate.
Suggested Rubric for Grading

The rubric below is a suggested one. Your teacher may modify the rubric based on your
needs. Consult your teacher for the final rubric.
Performance Levels
Criteria Suggested
1 2 3 Score
Weight
Beginning Average Advanced
Proficiency Proficiency Proficiency
Correctness None of the answers Some of the answers All of the answers
are correct. are correct. are correct. ×3
BIR Form None of the fields Most fields necessary All fields necessary
necessary for the for the computation for the computation
computation of tax of tax due are of tax due are ×2
due are completed completed and completed and
and correct. correct. correct.
Total Possible Score 15
Teacher’s Feedback
_________________________________________________________________________________________________
_________________________________________________________________________________________________
_________________________________________________________________________________________________

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Fundamentals of Accountancy, Business,

10.2 Introduction to Taxation

Principles and Purpose of Taxation 30 minutes

A table deﬁning and illustrating the principles and purposes of taxation

Concept Deﬁnition Example

Lesson 10.2: Introduction to Taxation 2

Suggested Rubric for Grading

Understanding The definitions reflect The definitions reflect The definitions

of concepts a developing a suﬃcient reﬂect a mastery of

Authenticity of The examples The examples The examples

examples provided are provided are provided are

Total Possible Score 15

Lesson 10.2: Introduction to Taxation 3

Lesson 10.2: Introduction to Taxation 4

10.2 Introduction to Taxation

Income Tax on Compensation 30 minutes

Amount of Taxable Income Tax Due

Over But not Over

₱250,000 ₱400,000 20% of the excess over ₱250,000

₱400,000 ₱800,000 ₱30,000 PLUS 25% of the excess over ₱400,000

₱800,000 ₱2,000,000 ₱130,000 PLUS 30% of the excess over ₱800,000

₱2,000,000 ₱8,000,000 ₱490,000 PLUS 32% of the excess over ₱2,000,000

Above ₱8,000,000 ₱2,410,000 PLUS 35% of the excess over ₱8,000,000

Lesson 10.2: Introduction to Taxation 5

Gross Income ₱678,000

How much is his taxable income for the year?

Gross Income ₱678,000

Lesson 10.2: Introduction to Taxation 6

How much is her income tax due for the year?

Suggested Rubric for Grading

Total Possible Score 15

Lesson 10.2: Introduction to Taxation 7

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