T.o.p.i.c.:. .A.L.L.O.W.E.D. .D.E.D.U.C.T.I.O.N.S. .-. .I.n.c.o.m.e. .T.a.x.a.t.i.o.n. .P.h.i.l.i.p.p.i.n.e. .b.a.s.e.d.M.a.k.e. .a .d.e.t.a.i.l.e.d. .e.x.p.l.a.n.a.t.i.o.n. .a.b.o.u.t. .t.h.e. .f.o.l.l.o.w.i.n.g.:.G.e.n.e.r.a.l. .r.u.l.e.C.o.n.c.e.p.t. .o.f. .r.e.t.u.r.n. .o.f. .c.a.p.i.t.a.lR.e.q.u.i.r.e.m.e.n.t.s. .f.o.r. .d.e.d.u.c.t.i.b.l.e. .i.t.e.m.s.I.t.e.m.i.z.e.d. .d.e.d.u.c.t.i.o.n.sO.r.d.i.n.a.r.y. .a.n.d. .n.e.c.e.s.s.a.r.y. .e.x.p.e.n.s.e.s. .(.i.n.c.l.u.d.i.n.g. .a. .r.e.a.s.o.n.a.b.l.e. .a.l.l.o.w.a.n.c.e. .f.o.r. .s.a.l.a.r.i.e.s,. .t.r.a.v.e.l.,. .r.e.n.t.a.l. .a.n.d. .e.n.t.e.r.t.a.i.n.m.e.n.t. .e.x.p.e.n.s.e.s.)I.n.t.e.r.e.s.t.,T.a.x.e.s,L.o.s.s.e.s,B.a.d. .d.e.b.t.s,D.e.p.r.e.c.i.a.t.i.o.n,D.e.p.l.e.t.i.o.n,

Income taxation in the Philippines allows certain deductions that taxpayers can claim to reduce…

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Accounting Information Systems

11th Edition

ISBN:9781337552127

Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill

Publisher:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill

Chapter13: The Accounts Payable/cash Disbursements (ap/cd) Process

Section: Chapter Questions

Problem 2DQ: This chapter discusses both fraud and non-fraudulent losses in the AP/CD process. Describe any...

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T.o.p.i.c.:. .A.L.L.O.W.E.D. .D.E.D.U.C.T.I.O.N.S. .-. .I.n.c.o.m.e. .T.a.x.a.t.i.o.n. .P.h.i.l.i.p.p.i.n.e. .b.a.s.e.d.

M.a.k.e. .a .d.e.t.a.i.l.e.d. .e.x.p.l.a.n.a.t.i.o.n. .a.b.o.u.t. .t.h.e. .f.o.l.l.o.w.i.n.g.:.

G.e.n.e.r.a.l. .r.u.l.e.
C.o.n.c.e.p.t. .o.f. .r.e.t.u.r.n. .o.f. .c.a.p.i.t.a.l
R.e.q.u.i.r.e.m.e.n.t.s. .f.o.r. .d.e.d.u.c.t.i.b.l.e. .i.t.e.m.s.
I.t.e.m.i.z.e.d. .d.e.d.u.c.t.i.o.n.s
- O.r.d.i.n.a.r.y. .a.n.d. .n.e.c.e.s.s.a.r.y. .e.x.p.e.n.s.e.s. .(.i.n.c.l.u.d.i.n.g. .a. .r.e.a.s.o.n.a.b.l.e. .a.l.l.o.w.a.n.c.e. .f.o.r. .s.a.l.a.r.i.e.s,. .t.r.a.v.e.l.,. .r.e.n.t.a.l. .a.n.d. .e.n.t.e.r.t.a.i.n.m.e.n.t. .e.x.p.e.n.s.e.s.)
- I.n.t.e.r.e.s.t.,
- T.a.x.e.s,
- L.o.s.s.e.s,
- B.a.d. .d.e.b.t.s,
- D.e.p.r.e.c.i.a.t.i.o.n,
- D.e.p.l.e.t.i.o.n,

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T.o.p.i.c.:. .A.L.L.O.W.E.D. .D.E.D.U.C.T.I.O.N.S. .-. .I.n.c.o.m.e. .T.a.x.a.t.i.o.n. .P.h.i.l.i.p.p.i.n.e. .b.a.s.e.d.

M.a.k.e. .a .d.e.t.a.i.l.e.d. .e.x.p.l.a.n.a.t.i.o.n. .a.b.o.u.t. .t.h.e. .f.o.l.l.o.w.i.n.g.:.

I.t.e.m.i.z.e.d. .d.e.d.u.c.t.i.o.n.s
- C.h.a.r.i.t.a.b.l.e. .a.n.d. .o.t.h.e.r. .c.o.n.t.r.i.b.u.t.i.o.n.s,
- R.e.s.e.a.r.c.h. .a.n.d. .d.e.v.e.l.o.p.m.e.n.t.,
- P.e.n.s.i.o.n. .t.r.u.s.t.,
- P.r.e.m.i.u.m. .p.a.y.m.e.n.t.s. .o..n .h.e.a.l.t.h. ..a.n.d../.o.r.
- H.o.s.p.i.t.a.l.i.z.a.t.i.o.n. .i.n.s.u..r.a.n.c.e.
O.p.t.i.o.n.a.l. ..S.t.a.n.d.a..rd.. .D.e.d.u.c.t.i.o.n.s
I.t.e.m.s. .n.o.t. .d.e.d.u.c.t.i.b.l.e

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