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Philippine tax Which of the following is not deductible from the gross income of a corporate taxpayer? O Fringe benefit received by a managerial employee.

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Philippine tax

Which of the following is not deductible from the gross income of a corporate taxpayer? O Fringe benefit received by a managerial employee. O Advertising expense to stimulate present sales. O Local business tax. O Depreciation of a motor vehicle worth P5 million

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