Compute the total monetaryvalue of housing benefits thatare subject to the fringebenefits tax. *6,500,000O 162,000O 5,000,000O 125,000 Tapas Corporation granted ownership of several housing units to the followingemployees on its foundation day:PoistionProperty ValueAccounting Manager3,000,000.00Marketing Supervisor2,000,000.00Machine Operator1,500,000.00Electrical Staff1,000,000.00Compute the total monetary value of all fringe benefits7,500,0005,000,000187,500125,000

Fringe benefit tax is a tax which an employer has to pay on the benefits which he provides to…

Answered: Compute the total monetary value of…

Compute the total monetary value of housing benefits that are subject to the fringe benefits tax. * 6,500,000 O 162,000 O 5,000,000 O 125,000

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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Question

Compute the total monetary
value of housing benefits that
are subject to the fringe
benefits tax. *
6,500,000
O 162,000
O 5,000,000
O 125,000

Tapas Corporation granted ownership of several housing units to the following
employees on its foundation day:
Poistion
Property Value
Accounting Manager
3,000,000.00
Marketing Supervisor
2,000,000.00
Machine Operator
1,500,000.00
Electrical Staff
1,000,000.00
Compute the total monetary value of all fringe benefits
7,500,000
5,000,000
187,500
125,000

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