Xander Ford Corp. owns a condominium unit. During the year 2019, the said corporation furnished and...

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Xander Ford Corp. owns a condominium unit. During the year 2019, the said corporation furnished and granted the said property for the residential use of Xandarra Park, its Assistant Vice President. The zonal value of the property per BIR amounts to P10,000,000 while its fair market value as shown in its current Real Property Declaration amounts to P8,000,000. An independent appraiser has assessed it at 11,000,000. Compute the fringe benefit tax, if any. III. SO. In April 1, 2019, Pinaloan, Inc. lends money to Allan Ferrya, its Head Manager, amounting to P500,000 without interest so long as he will return the money when his means permit him to do How much is the fringe benefit tax, if any? IV. Xander Ford Corp. owns a condominium unit. During the year 2019, the said corporation furnished and granted the said property for the residential use of Xandarra Park, its Assistant Vice President. The zonal value of the property per BIR amounts to P10,000,000 while its fair market value as shown in its current Real Property Declaration amounts to P8,000,000. An independent appraiser has assessed it at 11,000,000. Compute the fringe benefit tax, if any. III. SO. In April 1, 2019, Pinaloan, Inc. lends money to Allan Ferrya, its Head Manager, amounting to P500,000 without interest so long as he will return the money when his means permit him to do How much is the fringe benefit tax, if any? IV.

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SOLUTION III To compute the fringe benefit tax we need to determine ... View the full answer