(2) Salaries, wages and other forms of compensation for personal services actually rendered, including the grossed-up monetary value of the fringe…

The question

(2) Salaries, wages and other forms of compensation for personal services actually rendered, including the grossed-up monetary value of the fringe benefit subjected to fringe benefit tax which tax should have been paid (3) Travelling/transportation expenses (4) Cost of materials (5) Rentals and/or other payments for use or possession of property (6) Repairs and maintenance (7) Expenses under lease agreements (8) Expenses for professionals (9) Entertainment/Representation expenses (10) Political campaign expenses Political campaign contributions are NOT deductible from gross income: (2011 Bar Question)

1. A.if they are not reported to the Commission on Elections. 36 | P a g e 2010-2015 Taxation Law Bar Examinations
2. B.if the candidate supported wins the election because of possible corruption.
3. C.since they do not help earn the income from which they are to be deducted.
4. D.since such amounts are not considered as income of the candidate to whom given.

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