Reference no: EM132599167

Questions -

Q1. An employer sent a managerial employee to an international convention. From Philippines to country of venue, business class plate ticket of P40, 800 was paid by the employer. From country of venue back to the Philippines, P54,400 first class tickets was paid by the employer. How much is the fringe benefits tax for the plane tickets paid?

A. P 7,680

B. P 8,787

C. P25, 600

D. P 6,400

Q2. A managerial employee was given by his employer all paid up vacation expenses amounting to P408,000 plus salary of P34,000. How much is the total fringe benefits expense of the employer?

A. P627,692

B. P600, 000

C. P208, 000

D. P192, 000

Q3. After passing the scholarship examination, Joven received P92,500 as educational from AAA Foundation wherein his father works as the VP for operations. How much is the fringe benefits tax?

A. P - 0 -

B. P30,720

C. P15, 360

D. Answer not given

Q4. For year 2020, Kim Maliwat, a Dean of College of Accountancy, received from her employer educational benefits with cash value of P65, 280 for her Phd. The fringe benefits tax is?

A. P- 0 -

B. P65, 280

C. P30, 720

D. Answer not given