in The Residences which is near the factory and the plant’s administrative building. To make it convenient to its executive, it allowed the latter to use the said property as his residence. The zonal value of the property is P32,000,000 while its fair market value as shown in its current Real Property Tax Declaration amounts to P25,000,000. How much is the fringe benefits tax?
in The Residences which is near the factory and the plant’s administrative building. To make it convenient to its executive, it allowed the latter to use the said property as his residence. The zonal value of the property is P32,000,000 while its fair market value as shown in its current Real Property Tax Declaration amounts to P25,000,000. How much is the fringe benefits tax?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Lucky Corporation paid for the monthly rental of the residential house of its branch manager amounting to P204,000.
UAP Company owns a condominium unit in The Residences which is near the factory and the plant’s administrative building. To make it convenient to its executive, it allowed the latter to use the said property as his residence. The zonal value of the property is P32,000,000 while its fair market value as shown in its current Real Property Tax Declaration amounts to P25,000,000. How much is the fringe benefits tax?
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