6. DEPLETION 7. CHARITABLE 8. RESEARCH AND 9. PENSION TRUST 10.

OPTIONAL STANDARD
CONTRIBUTIONS DEVELOPMENT CONTRIBUTIONS DEDUCTION

Part Costs of the property Deductible in Full Ordinary & necessary expense Funding of current service cost In lieu of the itemized deductions,
in the year incurred or paid is deductible in full an individual taxpayer except non-
resident alien may elect a standard
Allowable Deductions *Donations to NEDA
deduction in an amount not
*Donations to certain Deferred expenses charged to a Funding of past service cost is exceeding forty percent (40%) of
Not to exceed 25% of foreign institutions capital account but not to amortized over 10 years the gross sales/receipts
net income from based on treaties property subject to
mining operations *Donations to depreciation or development
accredited NGOs and amortized over 60 months Overfunding is prepaid pension
from the month first benefits expense deductible in the
Excess shall be carried were realized from such future as funding of future
Deductible with limitation
over the succeeding expenditures current service cost
years until fully
deducted *Individual- not more
than 10% of T.I
*Corporation- not
more than 5% of T.I