FGH Corporation had the following in 2021: Sales P 3.4M; Cost of sales P 1.2M; Admin expense P 0.3M; Selling expenses P .5M; other taxable income from operations P .1M. What is deductible expense if the company uses OSD?* a. 920,000 b. 1,360,000 c. 880,000 d. 800,000   Using the problem above, what is the income tax payable?* a. 330,000 b. 375,000 c. 575,000 d. 525,000

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Deferred Tax

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