Determine the total fringe benefit tax of the following benefits for taxable year 2018: P40,800 grocery allowance for the personal consumption of one of A Corporation's rank and file employees; P32,500 expenses incurred by an executive of A Corporation in connection with attending business meeting; P36,000 expenses paid by an executive of A Corporation duly receipted in the name of A Corporation; P39,000 grocery allowance for the personal consumption of the manager of A Corporation P21,000 P17,500 P38,500 0
Determine the total fringe benefit tax of the following benefits for taxable year 2018: P40,800 grocery allowance for the personal consumption of one of A Corporation's rank and file employees; P32,500 expenses incurred by an executive of A Corporation in connection with attending business meeting; P36,000 expenses paid by an executive of A Corporation duly receipted in the name of A Corporation; P39,000 grocery allowance for the personal consumption of the manager of A Corporation P21,000 P17,500 P38,500 0
Chapter17: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 26CE
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Determine the total
P21,000
P17,500
P38,500
0
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT