Fanny Corporation gave Manager A, a resident citizen grocery allowance worth P 49,000. Assume the same facts

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Fanny Corporation gave Manager A, a resident citizen grocery allowance worth P 49,000.

Assume the same facts except that Manager A is Non-resident alien not engaged in trade or business. How much is the Gross-up monetary value of the fringe benefit?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

Posted Date: Mar 14, 2022 05:56 AM

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Fanny Corporation gave Manager A, a resident citizen grocery allowance worth P 49,000. Assume the same facts

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Gross up monetary value of the fringe benefit P 6533333 Explana... View the full answer

Intermediate Accounting

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