Z Corporation paid P 136, 000 cash fringe benefit for the year 2019 representing 80 % of the car incentive for its area manager. Z remitted the related final tax of the said cash fringe benefit. The amount to be claimed as business deduction form business income is: * a. P 170, 000 b. P 200, 000 c. P 136, 000 d. P 108, 800 e. Answer not given
Z Corporation paid P 136, 000 cash fringe benefit for the year 2019 representing 80 % of the car incentive for its area manager. Z remitted the related final tax of the said cash fringe benefit. The amount to be claimed as business deduction form business income is: * a. P 170, 000 b. P 200, 000 c. P 136, 000 d. P 108, 800 e. Answer not given
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter17: Business Tax Credits And The Alternative Minimum Tax
Section: Chapter Questions
Problem 10P
Related questions
Question
Z Corporation paid P 136, 000 cash
a. P 170, 000
b. P 200, 000
c. P 136, 000
d. P 108, 800
e. Answer not given
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