s manager in the company, Delia receives the following benefits: Company anniversary giftP10,000Rice subsidy35,000Laundry allowance6,000Uniform allowance8,000Christmas gift5,00013th month pay100,000CBA incentive10,000Monetized unused vacation leave (5 days x P4,500)22,500 How much should be subject to the fringe benefits tax?

Given: Company anniversary gift P10,000 Rice subsidy 35,000 Laundry allowance…

Answered: s manager in the company, Delia…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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s manager in the company, Delia receives the following benefits:

Company anniversary gift	P10,000
Rice subsidy	35,000
Laundry allowance	6,000
Uniform allowance	8,000
Christmas gift	5,000
13th month pay	100,000
CBA incentive	10,000
Monetized unused vacation leave (5 days x P4,500)	22,500

How much should be subject to the fringe benefits tax?

Definition Definition Benefits in addition to compensation that companies give to their employees. Fringe benefits can boost morale and productivity and keep employees motivated. Companies often use fringe benefits as a competitive advantage to recruit and retain employees. Examples of fringe benefits include pensions, vacation time, tuition reimbursement, free or subsidized meals, and gym memberships.

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