Mikaela Flower Shop Inc. purchased a motor vehicle in 2019 for the use its manager, Mike. It was registered under Mike's name. The cost of the vehicle was P400,000. The vehicle will be partly used for the benefit of the company. How much is the fringe benefits tax?


2. B Co. owns a condominium unit which is being used by the President of the corporation. It has a fair market value per Real Property Tax Declaration of P2,100,000 and a zonal value of P3,000,000. The fringe benefit tax due in 2018 is?

 
3. Pedro, single, is a minimum wage earner of Yazaki Inc. In addition to his basic minimum wage of P144,000 for 2019, he also received the following benefits: Holiday pay P25,000; Overtime pay P12,000; and night shift differential P19,000. The income subject to tax should be?