Question
Answered step-by-step

1. The value of a fringe benefit is P100,000. The monetary value is...

1. The value of a fringe benefit is P100,000. The monetary value is P50,000. If the managerial employee is a resident alien, how much is the fringe benefit tax on the foregoing amount? 

a. P16,667

b. P26,923

c. P33,333

d. P53,845

 

2. ABC Corporation pays for the monthly house rental of its manager. The amount of monthly rental is P60,000. How much fringe benefit tax should be remitted by ABC for the current quarter? 

a. P16,154

b. P32,307

c. P48,462

d. P96,923

 

3. As part of the benefits of the company division manager, the latter receives P20,000 from employer for the monthly payment of his residential unit. Compute the applicable quarterly fringe benefit tax assuming the employee is a resident. 

a. P10,769

b. P16,154

c. P21,538

d. P32,308

 

Answer & Explanation
Verified Solved by verified expert
Rated Helpful

urur laoree

gue

amedictum vit

gue

ssque dapi

iscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac,

Unlock full access to Course Hero

Explore over 16 million step-by-step answers from our library

Subscribe to view answer
Step-by-step explanation

ipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreea molestie conec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet

gue

usce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsumdictum vitae odio. Donec aligue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consect

gue

, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit aacinia pulvinar tortor nec facilisis. Pellentesque dapiicitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laor

Student reviews
100% (3 ratings)
Thorough explanation
Easy to follow
Clear formatting

"Thank you!"