Mitsubishi Inc. gave the following fringe benefits to Jose for year 2021: Brand new car (cash...
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Mitsubishi Inc. gave the following fringe benefits to Jose for year 2021: Brand new car (cash provided 2,500,000) Residential property (zonal value 8,000,000) Salaries of maid and personal driver Brand new laptop and iPhone for business use Educational assistance to Jose's daughter Membership Fee - Anytime Fitness How much is the final tax on fringe benefits? 2,800,000 10,000,000 280,000 220,000 1,700,000 5,000 Mitsubishi Inc. gave the following fringe benefits to Jose for year 2021: Brand new car (cash provided 2,500,000) Residential property (zonal value 8,000,000) Salaries of maid and personal driver Brand new laptop and iPhone for business use Educational assistance to Jose's daughter Membership Fee - Anytime Fitness How much is the final tax on fringe benefits? 2,800,000 10,000,000 280,000 220,000 1,700,000 5,000
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To calculate the final tax on fringe benefits we need to determine the taxable value of each fringe benefit and then apply the appropriate tax rate Th... View the full answer
Related Book For
Fundamentals Of Taxation 2015
ISBN: 9781259293092
8th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
Posted Date:
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