10. Sicilian Corporation purchased a condominium unit for P2,000,000. The zonal value is P2.500,000. The title to the property was transferred in the name of Lito. the company's finance manager. How much is the fringe benefit tax due? a. P 1,076,923 C. 269,231 b. 1,346,154 d. None
10. Sicilian Corporation purchased a condominium unit for P2,000,000. The zonal value is P2.500,000. The title to the property was transferred in the name of Lito. the company's finance manager. How much is the fringe benefit tax due? a. P 1,076,923 C. 269,231 b. 1,346,154 d. None
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![10. Sicilian Corporation purchased a condominium unit for P2,000,000. The
zonal value is P2.500,000. The title to the property was transferred in the
name of Lito. the company's finance manager. How much is the fringe
benefit tax due?
a. P 1,076,923
b.
269,231
d.
C.
1,346,154
None
CS Scanned with CamScanner](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe38424c3-9869-4341-b6c0-cebc24b15d47%2F094cb8b5-7b92-4039-abeb-dd95f2ba23f6%2Fbo2mp09_processed.jpeg&w=3840&q=75)
Transcribed Image Text:10. Sicilian Corporation purchased a condominium unit for P2,000,000. The
zonal value is P2.500,000. The title to the property was transferred in the
name of Lito. the company's finance manager. How much is the fringe
benefit tax due?
a. P 1,076,923
b.
269,231
d.
C.
1,346,154
None
CS Scanned with CamScanner
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