During 201A, Alpha Corporation gave the following fringe benefits to its employees: Salaries to rank and file employees P1,000,000 Salaries to managerial employees 1,800,000 De minimis benefits to rank and file employees 54,400 De minimis benefits to managerial employees 27,200 Fringe benefits to rank and file employees 102,000 Fringe benefits to managerial employees 170,000 How much is the fringe benefits tax?
During 201A, Alpha Corporation gave the following fringe benefits to its employees: Salaries to rank and file employees P1,000,000 Salaries to managerial employees 1,800,000 De minimis benefits to rank and file employees 54,400 De minimis benefits to managerial employees 27,200 Fringe benefits to rank and file employees 102,000 Fringe benefits to managerial employees 170,000 How much is the fringe benefits tax?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
- During 201A, Alpha Corporation gave the following
fringe benefits to its employees:
|
Salaries to rank and file employees |
P1,000,000 |
|
Salaries to managerial employees |
1,800,000 |
|
De minimis benefits to rank and file employees |
54,400 |
|
De minimis benefits to managerial employees |
27,200 |
|
Fringe benefits to rank and file employees |
102,000 |
|
Fringe benefits to managerial employees |
170,000 |
How much is the fringe benefits tax?
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