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Which of the following statements regarding fringe

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1.Which of the following statements regarding Fringe Benefit is/are correct?I.The fringe benefit tax is a final withholding tax on the grossed-up monetary valueof the fringe benefit granted by the employer to an employee who holds amanagerial or supervisory position.II.Fringe benefit tax is effective regardless of whether the employer is an individual,professional partnership or a corporation (regardless of whether the corporationis taxable or not).III.The fringe benefit tax regulations cover only those fringe benefits given orfurnished to managerial or supervisory employee. The regulations do not coverthose benefits which are part of compensation income, because these aresubject to creditable withholding tax on compensation.a.I onlyc.I, II and IIIb.I and II onlyd.None of the above
2.An employer subject to fringe benefit tax may be a/an
3.Which of the following statements is correct?Statement 1:The fringe benefit tax is part of the compensation of the managerial employee.Statement 2:The fringe benefit tax is to be withheld and remitted by the employer to the BIR.
4.Which of the following isnotcorrect?
E.D. TABAG|5
21-195.Which of the following is subject to fringe benefit tax?a.Compensation of the rank and file employee.b.Compensation of the supervisory or managerial employee.c.Fringe benefit of the rank and file employee.d.Fringe benefit of the supervisory or managerial employee.
6.Statement 1: A fringe benefit which issubjectto the fringe benefit tax is taxable income of theemployee.Statement 2: A fringe benefit which isnot subjectto the FBT is taxable income of the employee

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Term
Spring
Professor
NoProfessor
Tags
Employee Benefit

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