TRUE OR FALSE

EXPLORE 10.2 TRUE OR FALSE In the space provided before the number, wote Trued the statement is correct and False the statement is incorrect 1. Professional income is income earned though conduct of profession such as doctors, lawyers and CPAS 2 A taxpayer canim both be deduction and OSD at the same time 3. A corporation could claim personal exemption 4. A corporation could chamadaoned exemption Tuition fees paid by a topyor for his children could be part of deed deduction 6. oldation Personal exomoon for single is Pas.000 while for married is P50,000 7. Inoltration, Additional examption for 3 qilied dependents will amount to P100,000 An employee who only receives salary from his employer could av OSD. 9. In general, minimum wage emner is not able PCSO winnings are table 129