S1: ABC Corporation was identified as a top withholding agent by the BIR. One day, the company earms one-time big-time sale amounting to P 10M. As a result, the company treated all of its employees of...

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Extracted text: S1: ABC Corporation was identified as a top withholding agent by the BIR. One day, the company earms one-time big-time sale amounting to P 10M. As a result, the company treated all of its employees of Kenny Rogers meals amounting to P 200,000, a single purchase. The company is required to withhold 1% expanded withholding tax for the single purchase. S2: ABC Corporation was identified as a top withholding agent by the BIR. One day, the company earns one-time big-time sale amounting to P 10M. As a result, the company treated all of its employees of Kenny Rogers meals amounting to P 200,000, a single purchase. The company is not required to withhold 1% expanded withholding tax for the single purchase since it is onlya single purchase and Kenny Rogers is not its regular supplier. a. Only 51 is true Ob. Only S2 is truc OC. Both are true d. Both are falsc