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1. In 2010, X Corporation allows its Sales Manager to incur expenses subject to reimbursement, as follows Electricity 70% in the name of X Corporation
1. In 2010, X Corporation allows its Sales Manager to incur expenses subject to reimbursement, as follows Electricity 70% in the name of X Corporation P20,000 Water 70% in the name of X Corporation 2,000 Grocery (PONES) 10,000 Gasoline of company car 12,000 Representation and Transportation business trip 4,000 The amount subject to fringe benefit tax is A. P48,000 C. P 15,400 B. P25,400 D. P16,600
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