The company made two contributions during the year, namely, contributions to a school exclusively for education in
Fantastic news! We've Found the answer you've been seeking!
Question:
The company made two contributions during the year, namely, contributions to a school exclusively for education in the amount of P43,000, and contributions directly to victims of typhoon in the amount of P15,000.
What is the allowable deduction for contribution and donation?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: