10:12 O 3 A 0.00 KB/s 4G E 73 01:58:20 Remaining Multiple Choice A rank and file employee received the following benefits: Cash as loyalty award for 10 years of service P15,000 Collective bargaining agreement and productivity incentive P9,000 Free lunch meals for the year P10,000 Christmas and anniversary gift P25,000 Medical cash assistance P15,000 Determine the taxable amount of de minimis as "other benefits"

10:12 O 3 A 0.00 KB/s 4G E 73 01:58:20 Remaining Multiple Choice A rank and file employee received the following benefits: Cash as loyalty award for 10 years of service P15,000 Collective bargaining agreement and productivity incentive P9,000 Free lunch meals for the year P10,000 Christmas and anniversary gift P25,000 Medical cash assistance P15,000 Determine the taxable amount of de minimis as "other benefits"

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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