Fanny Corporation gave Manager A, a resident citizen grocery allowance worth P 49,000. Assume the same facts
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Question:
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
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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