1. Taxpayer employed a senior citizen on a job-order basis good for 5 months during the taxable year. The total salary of the senior citizen for the whole duration of the contract amounted to P50,000 which is below the poverty level in the region.

 

A.) How much should the taxpayer recognize as special deduction from its gross income?

B.) How much should the taxpayer recognize as special deduction from its gross income?

2. Taxpayer reported gross non-VAT sales of P100,000 to a senior citizen who is at the same time a qualified PWD. How much is the special allowable deduction for discounts granted to senior citizen or PWDs?

Answer rating: 100% (QA)

It seems there might be a duplication in the question as both A and B parts ask for the same thing However Ill address each part individually based on ... View the full answer