During 2022, Alpha Corporation gave the following fringe benefits to its employees:

Salaries to rank and file employees P1,000,000

Salaries to managerial employees 1,800,000

De minimis benefits to rank and file employees 54,400

De minimis benefits to managerial employees 27,200

Fringe benefits to rank and file employees 102,000

Fringe benefits to managerial employees 170,000

How much is the fringe benefit tax?

Answer: 91,538

In 2022, Mapagpala Corporation paid for the monthly rental of the residential house of its branch
manager amounting to P204,000.

How much is the fringe benefit expense for the month?

Answer: 204,000

How much is the fringe benefit tax for the month?

Answer: 54,923

Uste Company owns a condominium unit in “The One Residences” which is near the factory and the
plant’s administrative building. To make it convenient to its executive, it allowed the latter to use the
said property as his residence. The zonal value of the property is P32,000,000 while its fair value as
shown in the current Real Property Tax Declaration amounts to P25,000,000. How much is the fringe
benefit expense?

Answer: 0

In 2022, Omega Corporation purchased a motor vehicle for the use of its executive. It was registered
under the name of the executive although it was agreed that it shall be used partly for the benefit of the
company. The cost of the vehicle was P1,400,000. The amount of fringe benefit tax is?

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 Answer: 753,846

Abdul, a foreign national employed by a regional area headquarter of a multinational corporation,

occupying managerial position, had the following data for taxable year 2022:

Salaries received P600,000

Allowances and honoraria 50,000

Other emoluments 100,000

De minimis benefits (within the ceiling) 50,000

Gain from sale of shares of a domestic corporation

sold directly to buyer 150,000

Gain from sale of shares of a domestic corporation

listed in the local stock exchange 85,000

How much is the total income tax expense of Abdul in the Philippines:

Answer: 140,000

In 2022, Delta Corporation bought a condominium unit on installment for the use of its executive. The
acquisition cost inclusive of 12% interest is P6,720,000. The fair market value of the property per Tax
Declaration if P6,800,000 while the zonal value is P6,500,000.

How much is the fringe benefit tax?

Answer: 80,769

The following data were taken from Jun, single, holding managerial position for 2022 taxable year:

Gross salaries @ 50,000 per month P600,000

SSS contributions 12,000

Philhealth contributions 7,200

Pag-ibig contributions 4,800

Union dues 3,000

Withholding tax on compensation income 73,250

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 Allowances, not subject to liquidation 100,000

Gasoline allowances, subject to liquidation 17,000

13th month pay 50,000

De minimis benefits 12,000

The taxable compensation income subject to graduated rate under Section 24 (A) of the tax code is?

Answer: 573,000

How much is the fringe benefit tax due?

Answer: 53,846

Total income tax expense of Jun is?

Answer: 127,096

How much is the income tax payable of Jun?

Answer: 0

A private employee had the following renumeration:

Gross salaries P390,000

Fixed RATA 20,000

Cost-of-living allowance 35,000

13th month pay 32,500

Christmas gift 5,000

Laundry Allowance (P500/month) 6,000

Rice subsidy 48,000

Unused vacation leave (P1,000/day) 15 days

Unused sick leave (P1,000/day) 10 days

SSS, Philhealth and Pag-ibig contributions 24,600

Creditable withholding tax 16,850

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 What is the gross taxable compensation income?

Answer: 445,000

What is the total exempt de minimis benefit?

Answer: 42,600

What is the total exempt 13th month pay and other benefit?

Answer: 73,900

How much is his income tax payable?

Answer: 18,250

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