ABC Company paid its employees P5,000,000 fringe benefits out of which it paid P 560,000 fringe benefits

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Question:

ABC Company paid its employees P5,000,000 fringe benefits out of which it paid P 560,000 fringe benefits tax.

Required: Determine the following

1. Total fringe benefit expense

2. Fringe benefits paid to rank and file employees

3. Fringe benefits paid to managerial?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Mar 07, 2024 12:51 AM

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ABC Company paid its employees P5,000,000 fringe benefits out of which it paid P 560,000 fringe benefits

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Expert Answer:

To determine the required values we can use the information provided 1 Total fringe benefi... View the full answer

Income Tax Fundamentals 2013

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