1. The business grants 25% discounts to senior citizen customers. During the taxable period, total non-VAT sales to senior citizens amounted to 300,000, net of discount. How much is the deductible amount of senior citizen discount from gross income?

a. 60,000

b. 75,000

c. 80,000

d. 100,000

2. The amount of sale to qualified PWDs INCLUSIVE of VAT is P1,120,000. Under the law, senior citizens and PWDs enjoy exemption from VAT and also a 20% on their purchase of certain goods or services.

A.) How much should the business report as "Sales" to be able to avail of the special deduction from its gross income?

a. 1,120,000

b. 1,000,000

c. 896,000

d. 800,000

B.) How much is the amount of discount granted to the PWDs?

a. 275,000

b. 250,000

c. 224,000

d. 200,000