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How much is the fringe benefits tax expense of ABC Corp

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Question - In 2019, ABC Corp purchased a residential house and lot for P10,000,000. The property has a fair market value per BIR of 12,000,000 and an assessor's value of 14,000,000. The property was sold to the Vice-President of Operations for P11,000,000. How much is the fringe benefits tax expense of ABC Corp?

Reference no: EM132948916

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