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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
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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