Financial Capability

Table 2 shown the respondents assessment under Financial Capability. As gleaned

in the table, all of the statements were given a verbal description of agree.

Item one or as stated as “I work harder to sustain my needs and wants even though

I’m not subject to pay taxes anymore because of the said law,” was given a weighted mean

of 3.13 with a verbal description of agree. This means that 46.67% of the respondents

agreed that they always work harder even though they are not paying taxes.

Item two or as stated as “The implemented law allows me to fulfill my obligations

to provide the needs of my family,” wherein 60% of the respondents agreed and was given

a weighted mean of 2.87. This implies that TRAIN Law helps the respondents to do their

obligation as well as giving the needs of their family.

On the third statement, “I am receiving my 13th month pay without the deduction

of taxes,” has acquired a weighted mean of 3.07 and 80% of the respondents agreed in the

statement. This indicates that the respondents fully received their 13th month pay.

In item number 4, “I am having a lot of difficulty because my expenses are

increasing even if I have a higher take-home pay,” in which 66.67% of the respondents

agreed and has attained a weighted mean of 2.80. This means that the respondents are also

having difficulty due to their expenses.

On the last item, “I am in favor of TRAIN Law in terms of eradicating extreme

poverty and achieving high-income country status,” has acquired a weighted mean of 2.93

with a verbal description of agree. This statement garnered agree as an answer from 53.33%

of the respondents. This implies that most of the respondents are in favor of TRAIN Law.
 Overall, the computed value for the general weighted mean was 2.96 and had a

verbal description of agree. Based on the results, it shown that the salient features of Tax

Reform for Acceleration and Inclusion Law affect the financial capability of the average

Filipino workers.

Table 2
Financial Capability
Financial Capability Weighted Mean Verbal Description

1. I work harder to sustain my needs and 3.13 Agree

wants even though I’m not subject to pay

taxes anymore because of the said law.

2. The implemented law allows me to fulfill 2.87 Agree

my obligations to provide the needs of my

family.

3. I am receiving my 13th month pay without 3.07 Agree

the deduction of taxes.

4. I am having a lot of difficulty because my 2.80 Agree

expenses are increasing even if I have a

higher take-home pay.

5. I am in favor of TRAIN Law in terms of 2.93 Agree

eradicating extreme poverty and achieving

high-income country status

General Weighted Mean 2.96 Agree

Personal Income Taxes

Table 4 shown the weighted mean and verbal description of the respondents

according to their Personal Income Taxes.

Item one, or as stated as “With the help of Train Law, I am satisfied with my salary,”

obtained a weighted mean of 2.33 with a verbal description of disagree. Thus, this indicates

that 53.33% of the respondents didn’t complain in receiving enough salary because of the

help of TRAIN Law.

Second, item two stated that “I am exempted from paying my personal income tax,”

wherein in this statement 53.33% of the respondents disagreed and it was supported by a

weighted mean of 2.47 with a verbal description of disagree. This means that most of the

respondents are not totally exempted in paying their personal income taxes.

On the other hand, in item number three 66.67% of the respondents agreed in the

statement “I can save money and I can help my family” which acquired a weighted mean

of 2.60 and a verbal description of agree. This implies that the respondents have enough

money to sustain their own needs as well as giving what their family needed.

Moreover, item number four or as stated as “I am not having difficulty in my daily

living” got a weighted mean of 2.47 and a verbal description of disagree. This indicates

that TRAIN Law didn’t help the 66.67% respondents to have a better life.

Lastly, item number 5, or as stated as “I am in favor of TRAIN Law in terms of

easing the burden of the average Filipino wage earner” acquired a weighted mean of 2.67

in which 60% of the respondents agreed in the statement. This means that majority of the

respondents are in favor of train law because it can benefit and help them in many ways.
 Overall, the computed value for the general weighted mean was 2.51 and had a

verbal description of agree. Based on the results, it shown that the Tax Reform for

Acceleration and Inclusion Law affect the personal income tax of the average Filipino

workers.

Table 4
Personal Income Tax
Personal Income Tax Weighted Mean Verbal Description

1. With the help of Train Law, I am satisfied 2.33 Disagree

with my salary.

2. With the proposed tax reform, I am

exempted from paying my personal income 2.47 Disagree

tax.

3. I can save money and I can help my 2.60 Agree

family.

4. By means of Train Law I am not having 2.47 Disagree

difficulty in my daily living.

5. I am in favor of Train Law in terms easing 2.67 Agree

the burden of the average Filipino wage

earner.

General Weighted Mean 2.51 Agree

Value Added Tax

Table 6 presented the weighted mean and the verbal description of the respondents

under the assessment of the Value Added Tax.

 In statement one, 46.67% of the respondents highly agreed in the statement “It is a

great help because medicines for diabetes, cholesterol, and hypertension will be VAT-free

starting this year, 2019” which obtained a weighted mean of 3.27. This means that Train

Law make it easier for the respondents to buy medicine that are included in VAT-free.

Second, item two stated that 66.67% of the respondents agreed in the statement “I

can also buy raw food and other agricultural products that are exempted from VAT” and

was supported by a weighted mean of 2.87. This indicated that having VAT-free is

beneficial to the respondents.

Value Added Tax

3. (A) This concludes that the VAT exemption is a great help for the respondents because

it will be easier for them to buy their basic commodities.

4. (A) This implies that having VAT-exempted will lessen the respondents concern about

the products, services and transaction that they need.

5. (A) This states that the respondents agreed that the TRAIN Law allows them to have a

equal VAT system wherein everyone including the poor will benefit.

Overall, the computed value for the general weighted mean was 3.02 and had a

verbal description of agree. Based on the results, it shown that the Tax Reform for

Acceleration and Inclusion Law affect the of the average Filipino workers.
 3. It will be easier for me to buy my basic needs because of the VAT
exemption.
4. I will not worry about paying for some products, services and
transactions that are VAT-exempted.
5. As an average Filipino worker, it’s a win-win situation to know that the
TRAIN Law aims to clean up the VAT system to make it fairer and simpler
and lower the cost of compliance for both the taxpayers and tax
administrators.

Monetary Capacity

1. (D) This means that the savings of the respondents are still the same even though they

are not paying any taxes because of the inflation rate.

2. (D) This concludes that the respondents’ salary is not enough to buy their desires.

3. (HA) This indicates that even if the TRAIN Law is implemented, most of the respondents

still afford to have a meal during breakfast, lunch and dinner.

4. (A) This implies that the TRAIN Law didn’t have an effect in terms of handling their

finances.

5. (D) This states that even if they are not paying any taxes, their revenue is sufficient for

their daily expenses so they don’t have the funds for traveling and other things that they

want to do.

Overall, the computed value for the general weighted mean was 2.67 and had a

verbal description of agree. Based on the results, it shown that the Tax Reform for

Acceleration and Inclusion Law improve the monetary capacity of the average Filipino

workers.
 Monetary Capacity 4 3 2 1
1. My savings in my account is increasing because I’m not paying any
taxes.
2. I am not having difficulty in buying my wants.
3. I can eat three times a day with my family.
4. I am not having difficulty in budgeting my salary.
5. As an average Filipino worker, I can bear to travel and enjoy because
my income is greater than the past years.

Excise Tax

1. ( A) This states that most of the respondents didn’t have any difficulty in purchasing

their day-to-day necessities.

2. (A) This means that even there is a rise on the prices of other goods, majority of the

respondents can manage to pay for it.

3. (D) This implies that the respondents can pay their regular fee when it comes in paying

their transportation.

4. (a) This concludes that even if the respondents have a raise in their salary, the value of

goods are also growing.

5. (D) This indicates that most of the respondents doesn’t support TRAIN Law because of

the non-stop increase of prices in the market.

Overall, the computed value for the general weighted mean was 2.4 and had a

verbal description of disagree. Based on the results, it shown that the Tax Reform for

Acceleration and Inclusion Law affect of the average Filipino workers.

Excise Taxes 4 3 2 1
1. I am not having any financial problems in terms of buying my daily needs.
2. I can still afford to buy my wants like sweetened beverages, tobacco and
other vices that is covered with excise tax.
3. I am having difficulty paying for my daily fare to work.
4. All my savings in my personal income were spent with my basic
necessities under the Tax Reform Law.
5. As an average Filipino worker, I am in favor of TRAIN Law in terms of
continuously increasing the prices of basic commodities.
Anova: Single Factor

SUMMARY
Groups Count Sum Average Variance
Financial Capacity 5 14.8 2.96 0.0189
Monetary Capacity 5 13.33 2.666 0.24323
Personal Tax 5 12.54 2.508 0.01732
Excise Tax 5 12.47 2.494 0.08663
Value-Added Tax 5 15.08 3.016 0.03458

ANOVA
Source of
Variation SS df MS F P-value F crit
Between Groups 1.218824 4 0.304706 3.802550791 0.0186 2.866081
Within Groups 1.60264 20 0.080132

Total 2.821464 24