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?
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?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
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
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you


Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON

Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON


Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON

Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON

Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning

Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning

Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education