Requirements:

1. Determine the Fringe benefit tax

2. Determine the operating expenses allowed as deduction from business income
of the employer. Answer

PERFECT NA!

0
65280
 *NOTE: FOR ART WITH DOCUMENTARY EVIDENCE

PERFECT NA

34000
18308

PERFECT NA!
WITH DOCUMENTARY EVIDENCE PERFECT NA!
1)
a) How much is the monetary value of the benefit

b) How much is the fringe benefit tax

2)
a) How much is the monetary value of the benefit

b) How much is the fringe benefit tax

3)
a) How much is the monetary value of the benefit

b) How much is the fringe benefit tax

 PERFECT NA!

1 0 0
2 7956 4284

ERFECT NA!

of the benefit 1200000

646154

of the benefit 800000

430769

of the benefit 240000

129231
ANSWER

*NOTE: RICE SUBSIDY UNDER DE MINIMIS BENEFITS IS 24000

1
1) Total de minimis benefits 55,000 a) How much is the monetary value o
2) Taxable other benefits 27000 b) How much is the fringe benefit tax
3) Taxable income compensation 963000
4) Income tax due and payable 178900 2
a) How much is the monetary value o
b) How much is the fringe benefit t

3
a) How much is the monetary valu
b) How much is the fringe benefit t
 1) Monetary value

2) Fringe benefit tax

w much is the monetary value of the benefit for the month? 82500
w much is the fringe benefit tax for the month? 44423

w much is the monetary value of the benefit for the quarter? 28125
ow much is the fringe benefit tax for the quarter? 15144

ow much is the monetary value of the benefit? 4500000

ow much is the fringe benefit tax? 2423077
onetary value 427040

nge benefit tax 229945

1) Total de minimis benefits

2. Taxable other benefits
3. Taxable compensation income
4. Tax due and payable
 60500 PERFECT NA
0 1) Determine the monetary value of fringe benefit
540000 2) Determine the fringe benefit tax
65000

etary value of fringe benefit
e benefit tax
*NOTE: FOR ART WITH NO DOCUMENTARY EVIDENCE
PERFECT NA
20345
10955 1. Determine the monetary value of fringe benefits
2. Determine the fringe benefit tax
 NO DOCUMENTARY EVIDENCE

etary value of fringe benefits 255500

e benefit tax 137577