Tax Deductions vs. Tax Credits

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1. The qualifying employer PERA incentive added by CMEPA is an additional deduction from what? Multiple Choice Easy
2. A qualifying property disposition has PHP250,000 amount realized and PHP200,000 adjusted basis. No special presumed-gai… Multiple Choice Medium
3. In2026, a qualified private employer makes PHP100,000 actual qualified PERA contributions. It meets the matching, all-e… Multiple Choice Medium
4. A2026 business expense is ordinary, necessary and fully substantiated, and all other current deduction requirements are… Multiple Choice Hard
5. A corporation pays the Philippine income tax imposed under the NIRC income-tax title. It seeks to deduct that very inco… Multiple Choice Hard
6. Explain the distinction between gross property-sale proceeds and gain under Section40(A). An ordinary taxable dispositi… Essay Medium
7. Describe the additional employer PERA deduction introduced by CMEPA and implemented by RR22-2025. Explain the matching … Essay Medium
8. A2026 payor failed to withhold on an otherwise fully allowable, substantiated business expense. Explain the EOPT repeal… Essay Medium