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Question - In 2020, Nokia corporation, recorded the following expenses in its books: Housing allowance to expatriates Php2,000,000
Representation expenses subject to liquidation 1,000,000
Monthly transportation allowance of its key officers 500,000
Required - 1. How much is the allowable deduction subject to fringe benefit tax can Nokia deduct from its gross income assuming fringe benefit taxes are paid?
2. How much fringe benefit tax Nokia must pay for 2020?
During March, the company purchased direct materials at a cost $55,650, For direct labor: Compute the standard direct labor rate per hour
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a project has the follwing estimated data price57 per unit variable costs32 per unit fixed costs90000 required return12
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