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20. Which of the following does not represent compensation income? * a. Honorarium as a guest speaker b. Emergency leave pay c. Vacation and sick leave pay

20. Which of the following does not represent compensation income? * a. Honorarium as a guest speaker b. Emergency leave pay c. Vacation and sick leave pay

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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pls need help hank yo

20. Which of the following does not represent compensation income? * a. Honorarium as a guest speaker b. Emergency leave pay c. Vacation and sick leave pay d. Gratuitous condonation of obligation 21. A domestic corporation made a borrowing from ABC bank thereby incurring a business connected interest expense of P60,000 for taxable year 2020. During the same year, the corporation earned an interest income subject to final tax in the amount of P100,000. The deductible interest is a. 40,000 b. 25,000 c. 30,000 d. 35,000
Transcribed Image Text:20. Which of the following does not represent compensation income? * a. Honorarium as a guest speaker b. Emergency leave pay c. Vacation and sick leave pay d. Gratuitous condonation of obligation 21. A domestic corporation made a borrowing from ABC bank thereby incurring a business connected interest expense of P60,000 for taxable year 2020. During the same year, the corporation earned an interest income subject to final tax in the amount of P100,000. The deductible interest is a. 40,000 b. 25,000 c. 30,000 d. 35,000
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