Mr$.$ Vhinson made contributions to the

$\backslash$table$[[$following in $2024$:$,],[$Street beggars,$50,000],[$Barrio fiestas,$60,000],[$Various cancer patients,$40,000],[\backslash$table$[[$Takusa$,$ an accredited non$-$profit$],[$organization$]],100,000]]$

Compute the deductible contribution expense.

a$.$ P$0$

c$.P140,000$

b$.P100,000$

d$.P160,000$

ABC Company declared a property dividend with book value of $P1,000,000,$ and fair value of $P1,200,000.$ The total dividends withheld on the dividends were P$60,000.$ Compute the total deductible expense.

a$.$ PO

c$.P1,000,000$

b$.P60,000$

d$.P1,060,000$

Naga Company paid P$35,000$ fringe benefits tax for the purchase of merchandise used by the family of one of its company officers. How much is the deductible expense against gross income?

a$.P0$

c$.P53,846$

b$.P18,846$

d$.$ P$109,375$