A supervisory employee has the following benefits 13th month and other benefits 40,000.00 De minimis within their limits 35,000.00 Excess de minimis benefits 10,000.00 Other fringe benefits 40,000.00 Compute the amount of fringe benefits (monetary value) subject to fringe benefit tax 85,000 O 76,923 O 50,000 O 73,259

A supervisory employee has the following benefits 13th month and other benefits 40,000.00 De minimis within their limits 35,000.00 Excess de minimis benefits 10,000.00 Other fringe benefits 40,000.00 Compute the amount of fringe benefits (monetary value) subject to fringe benefit tax 85,000 O 76,923 O 50,000 O 73,259

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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