•If the tax is not provided for every cent, modify the tax table by setting the tax for every cent in the following manner.
When setting the tax, consider the minimum breakpoint corresponding to unprovided tax to be the same as the one corresponding to the tax provided on a large amount.
Sample tax table Example 8%
Tax | Minimum | |
breakpoint | ||
| ||
|
| |
.00 | .01 | |
.01 | .11 | |
.02 | .26 | |
.03 | .47 | |
.04 | .68 | |
.06 | .89 | |
.09 | 1.11 | |
.10 | 1.26 | |
.11 | 1.47 | |
.12 | 1.68 | |
.14 | 1.89 | |
.17 | 2.11 | |
|
|
Modification of the left tax table
Tax |
| Minimum | |||
| breakpoint | ||||
|
|
| |||
|
|
|
|
|
|
.00 |
|
| .01 |
|
|
.01 |
| T | .11 |
| Q |
|
| ||||
.02 |
|
| .26 |
|
|
.03 |
|
| .47 |
|
|
.04 |
|
| .68 |
|
|
.05 |
|
| .89 |
|
|
.06 |
|
| .89 |
|
|
.07 |
|
| 1.11 |
| M1 |
|
|
| |||
.08 |
|
| 1.11 |
|
|
.09 |
|
| 1.11 |
|
|
.10 |
|
| 1.26 |
|
|
.11 |
|
| 1.47 |
|
|
.12 |
|
| 1.68 |
|
|
.13 |
|
| 1.89 |
|
|
.14 |
|
| 1.89 |
|
|
.15 |
|
| 2.11 |
| M2 |
|
|
| |||
.16 |
|
| 2.11 |
|
|
.17 |
|
| 2.11 |
|
|
Breakpoint |
| ||
difference (¢) |
| ||
|
|
| |
1 |
| B: | |
10 | |||
| |||
15 |
| ||
21 |
| ||
21 |
| ||
21 | C: | ||
0 | |||
|
22
0
0
15
21
21
21 | D: | ||
0 | |||
|
22
0
0
From the modified tax table above;
Rate = 8(%), T = $0.01 = 1¢, Q = $0.11 = 11¢, M1 = 1.11, M2 = 2.11, M = 100
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