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How much is the fringe benefit expense for the month

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Reference no: EM132919402

Question - Lucky Corporation paid for the monthly rental of the residential house of its branch manager amounting to P204,000.

1. How much is the fringe benefit expense for the month?

2. How much is the fringe benefits tax for the month?

3. How much is the total allowable deduction from business income of Lucky Corporation?

Reference no: EM132919402

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