1. A taxpayer employs a qualified PWD for a total salary of P50,000. Assuming taxpayer meets all requirements, how much may he claim as special deduction from gross income?

a. 50,000

b. 12,500

c. 10,000

d. 7,500

2. Taxpayer enjoyed its last year of its income tax holiday in 2020. For that year, it reported however a net loss of P500,000. For the taxable year 2021, it reported a net income of P300,000. How much NOLCO must have been used by the taxpayer in 2021?

a. Zero

b. 100,000

c. 300,000

d. 500,000