Triple A Corp sent one of its regional director to its Philippine subsidiary to oversee a project for a period of 3 months. The Philippine subsidiary will shoulder the cost of the director's salary. Moreover, the Philippine subsidiary provided a condominium unit for the director during his stay in the Philippines. The cost of the unit is P5,000,000. How much is the total fringe benefit tax? 3,472.22 O 10,416.67 41,666.67 O 67,307.69 None of the above

Triple A Corp sent one of its regional director to its Philippine subsidiary to oversee a project for a period of 3 months. The Philippine subsidiary will shoulder the cost of the director's salary. Moreover, the Philippine subsidiary provided a condominium unit for the director during his stay in the Philippines. The cost of the unit is P5,000,000. How much is the total fringe benefit tax? 3,472.22 O 10,416.67 41,666.67 O 67,307.69 None of the above

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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