A taxpayer reported sales of P$3,000,000$ and gross receipts of P$2,000,000$ in $2024.$

It incurred entertainment, amusement, and recreations expenses of P$35,000.$

Compute the deductible EAR expense.

a$.P35,000$

c$.$ P$29,000$

b$.$ P$30,000$

d$.$ P$25,000$

An enterprise registered with the BOI had a consistent profitable operation. Just before graduating from its BOI tax holiday incentives in $2023,$ it sustained a P$1,800,000$ operating loss due to an employee strike in $2023.$ The settlement of the deadlock in $2024$ enable the enterprise to post a P$2,400,000$ operating income. What is the allowable NOLCO deduction in $2024?$

a$.PO$

c$.P1,800,000$

b$.P900,000$

d$.P2,400,000$

An individual taxpayer reported the following in $2024$:

$\backslash$table$[[$Gross income,,P $1,500,000],[$Less:$,800,000,],[\backslash$table$[[$Administrative$],[$expenses$]],650,000,1,450\mathrm{.}000$