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Please indicate solution During 2019, Alpha Corporation gave the following fringe benefits to its employees: Salaries to rank and file employees 1,000,000 Salaries to managerial
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During 2019, Alpha Corporation gave the following fringe benefits to its employees: Salaries to rank and file employees 1,000,000 Salaries to managerial employees 1,800,000 De minimis benefits to rank and file 54,400 employees De minimis benefits to managerial employees 27,200 Fringe benefits to rank and file employees 102,000 Fringe benefits to managerial employees 170,000 How much is the total allowable deduction from business income of Alpha Corporation? a. P3,153,600 b. P3,271,600 C. P3,233,600 d. P3,245,138Step by Step Solution
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