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Deductible Expenses for Disability Program

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Janna Portia Manaog
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2 views2 pages

Deductible Expenses for Disability Program

Uploaded by

Janna Portia Manaog
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

‭ equired:‬

R
‭Total‬‭Amount‬‭of‬‭Gross‬‭Sales‬
‭Total‬‭Deduction‬
‭Taxable‬‭Net‬‭Income‬

‭ n‬‭employer‬‭embarked‬‭on‬‭a‬‭socio-economic‬‭program‬‭named‬‭“A‬‭world‬‭Empowered‬‭by‬‭Persons‬
A
‭with‬‭disability”.‬‭Under‬‭the‬‭ambitious‬‭program,‬‭the‬‭employer‬‭established‬‭a‬‭business‬‭which‬‭is‬‭fully‬
‭manned‬‭by‬‭persons‬‭with‬‭disability.‬‭The‬‭employer‬‭incurred‬‭P300,000‬‭in‬‭workplace‬‭improvements‬
‭specifically‬‭designed‬‭for‬‭its‬‭disabled‬‭employees.‬‭The‬‭business‬‭venture‬‭turned‬‭very‬‭profitable‬
‭due‬‭to‬‭overwhelming‬‭public‬‭sympathy.‬‭During‬‭the‬‭year,‬‭the‬‭employer‬‭paid‬‭P2,100,000‬‭in‬
‭compensation‬‭expense.‬

‭Compute‬‭the‬‭additional‬‭deductible‬‭compensation‬‭expense.‬

I‭n‬‭the‬‭immediately‬‭preceding‬‭problem,‬‭what‬‭is‬‭the‬‭deductible‬‭additional‬‭expense‬‭for‬‭the‬
‭improvements‬‭made‬‭for‬‭the‬‭employees‬‭with‬‭disability?‬

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