The President vetoed in the Tax Reform for Acceleration and Inclusion (TRAIN) bill the provision that exempted taxpayers whose sales or receipts did not exceed P500,000 from 3% percentage tax. Which of the following is correct with respect to the veto made by the President?

Group of answer choices

Veto is void as it can only be exercised by Congress.

The President cannot reject the bill already passed by Congress.

All provisions are in effect rejected by the President.

Other provisions are not affected by the veto.