The business grants 25% discounts to senior citizen customers. During the taxable period, total non-VAT sales to senior citizens amounted to 300,000, net of discount. How much is the deductible amount of senior citizen discount from gross income? a. 60,000 b. 75,000 c. 80,000 d. 100,000

The business grants 25% discounts to senior citizen customers. During the taxable period, total non-VAT sales to senior citizens amounted to 300,000, net of discount. How much is the deductible amount of senior citizen discount from gross income? a. 60,000 b. 75,000 c. 80,000 d. 100,000

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter12: Tax Credits And Payments

Section: Chapter Questions

Problem 14CE

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