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Compute the gross income, gross taxable income, annual income tax and net income (less tax) I given the following problems using the two income tax schedules, prior to 2018 and after 2018 1.Mr. Kiel is an employee working for Ms. Cruz, his employer. He is the head of the family with 3 qualified dependents. Mr Kiel earns a monthly salary equivalent to P40,000. 2.Mr. Corona is a single dad with 2 children and works as a Vice president of a food corporation. Mr. Corona earns P120, 000.00 per month.

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