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In 2019, ABC Corporation gave the following fringe benefits to its employees Managerial employees P 1,300,000 Rank and file employees 5,000,000 8. The allowable deduction

In 2019, ABC Corporation gave the following fringe benefits to its employees

Managerial employees P 1,300,000

Rank and file employees 5,000,000

8. The allowable deduction from gross income of XYZ Corporation for the fringe benefits given to employees is?

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