SM entertainment Inc. employs three senior citizens as regular employees. Two of them are receiving the minimum
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- SM entertainment Inc. employs three senior citizens as regular employees. Two of them are receiving the minimum wage which is within the poverty level. Each of these two senior citizen received a minimum wage of P182,000. One of the senior citizen employees is a director of the company who was paid P780000 compensation during the year. Compute the deductible additional compensation expense.
- A restaurant granted 25% discounts to senior citizens in excess of the 20% mandatory requirement. During the year, the restaurant reported receipts of P108000 from senior citizens customers. Compute the deduction for senior citizens' discount
Related Book For
Organizational Behaviour Concepts Controversies Applications
ISBN: 978-0132310314
6th Canadian Edition
Authors: Nancy Langton, Stephen P. Robbins, Timothy A. Judge, Katherine Breward
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