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

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter17: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 26CE
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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

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