Pacific was a nich included a and registered ed in trade or b
Chapter26: Tax Practice And Ethics
Section: Chapter Questions
Problem 13DQ
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![4. First Metro Pacific was able to persuade Francis to join the company as its Assistant Vice President for
Finance which included a car plan worth P3,000,000 in its compensation package. The company purchased
the vehicle and registered the same in favor of Francis. Assuming further that Francis is a non-resident alien
not engaged in trade or business, how much is the fringe benefits tax?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe28f2750-5a9f-4464-9232-0c86a349c299%2F442e06ac-7d8e-44ee-8463-c9ae913d604c%2Feeql5qm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:4. First Metro Pacific was able to persuade Francis to join the company as its Assistant Vice President for
Finance which included a car plan worth P3,000,000 in its compensation package. The company purchased
the vehicle and registered the same in favor of Francis. Assuming further that Francis is a non-resident alien
not engaged in trade or business, how much is the fringe benefits tax?
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