In 2020, A corporation gave the following fringe benefits to its employees (Non-resident alien not engaged in
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Question:
In 2020, A corporation gave the following fringe benefits to its employees (Non-resident alien not engaged in trade/business):
To managerial employees - P1,500,000
To rank and file employees - 1,800,000
The allowable deductions from the gross income of A corporation for the fringe benefits given to employees is:
Group of answer choices
3,300,000
4,107,692.31
3,800,000
2,307,692.31
Related Book For
Fundamentals of Taxation 2015
ISBN: 9781259293092
8th edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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