Gomez is the manager of ABAKA Company. For the current month, he received the following aside...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Gomez is the manager of ABAKA Company. For the current month, he received the following aside from his basic compensation: Honorarium Fixed car gasoline allowance Fixed communication (cellphone) allowance Liquidated representation expense Laundry allowance per month Rice allowance per month Total How much of the foregoing shall be treated as fringe benefit? P10,000 1,500 1,800 5,000 1,000 2,50 P21,800 Gomez is the manager of ABAKA Company. For the current month, he received the following aside from his basic compensation: Honorarium Fixed car gasoline allowance Fixed communication (cellphone) allowance Liquidated representation expense Laundry allowance per month Rice allowance per month Total How much of the foregoing shall be treated as fringe benefit? P10,000 1,500 1,800 5,000 1,000 2,50 P21,800
Expert Answer:
Answer rating: 100% (QA)
To determine the fringe benefits from the provided information we need to ... View the full answer
Related Book For
Posted Date:
Students also viewed these law questions
-
DD Company uses Raw and In Process account and charges all conversion costs to Cost of Goods Sold. At the end of each month, all inventories are counted, their conversion cost components are...
-
Pamela Albright is the manager of the audit of Stanton Enterprises, a public company that manufactures formed steel subassemblies for other manufacturers. Albright is planning the 2018 audit and is...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The lengths of the three sides of a triangle (in feet )are consecutive even integers. If the perimeter is 96 feet, find the value of the shortest of the three side lengths.
-
1. What are the advantages and disadvantages of market-based solutions to problems in developing countries? 2. Would you consider attending a ThinkImpact learning program in an international...
-
More ice cream sales have been linked to more deaths by drowning. Describe an association between two variables. Give a confounding variable that may help to account for this association.
-
Karpman Company is a manufacturer of personal computers. Various costs and Classify various costs into expenses associated with its operations are as follows. 1.Property taxes on the factory...
-
Since 1938, when auditors failed to uncover fictitious inventory recorded by the McKesson & Robbins Company, auditors have been ordinarily required to physically observe the counting of inventory. It...
-
A man has $235,000 invested in three properties. One earns 12%, one 10% and one 8%. His annual income from the properties is $22,500 and the amount invested at 8% is twice that inves 12%. (a) How...
-
For a child i living in a particular a school district, let voucheri be a dummy variable equal to one if a child is selected to participate in a school voucher program, and let scorei be that child's...
-
Assume that the answer to the question above ( question 8 ) is $ 6 0 million and debt continue to have a market value of $ 2 5 million. Compute the return on equity for this firm after...
-
Explain how statistical mechanics bridges the gap between microscopic particle behavior and macroscopic thermodynamic properties, with a focus on partition functions and the role they play in...
-
A middle manager in Malaysia is about to be stationed for two years to Canada. Canada has relatively low power distance whereas employees in Malaysia have quite high power distance. Advise the...
-
if T takes all of the stock of S in exchange for $24.73 in cash per share and did not make a Section 338 election. Assuming T issues bonds to raise the cash necessary to pay for the acquisition. Also...
-
4. Clove oil is frequently used as a natural treatment for a toothache. Assume that your yield from a typical clove oil extraction is 8.2%. How many pounds of cloves would you need to start with in...
-
How has the introduction of decision making tools under uncertainty added to your understanding of financial decision making? What concepts/requirements have proven to be most difficult? What do you...
-
1. Utilizing a minimum of two sources, define, and explore "Economic institutions." 2. How do these institutions initiate and influence social policy? 3. Have you, or do you expect to interface with...
-
Modify the CYK algorithm so that it applies to any CFG, not just those in CNF.
-
Molly McDale is the controller for Roberts Manufacturing. It is a small company that manufactures plastic lumber and is run by the owner and CEO, Franklin Roberts. At the end of the year, Roberts is...
-
Prepare a horizontal analysis of the following comparative income statement of Enchanted Designs. Why did net income increase by a higher percentage than net sales revenue during2014? Enchanted...
-
Kettle Snacks just received an order to produce 16,000 single- serving bags of gourmet, fancy- cut, low- fat potato chips. The order will require 16 preparation hours and 30 cooking and draining...
-
Why isnt a bond redeemable in shares attractive to financial investors?
-
Rank convertible bonds, investment certificates, bonds with equity warrants, preference shares and new ordinary shares in terms of: actual or potential dilution; achieved rate of return; potential...
-
Why is there a good chance that preference shares will be worth less than the same issuers ordinary shares, despite the preferences accorded to them?
Study smarter with the SolutionInn App