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A rank and file employee received the following compensation and benefits received during 2020 Required: 1. How much is the amount of exempt de minimis
A rank and file employee received the following compensation and benefits received during 2020 Required: 1. How much is the amount of exempt de minimis benefits? 2. How much is the amount of de minimis and other benefits subject to basic tax? 3. Howmuch is the fringe benefit tax? 4. How much is the taxable income of the employee for the year? 5. How much is the deductible expenses of the company for the said employee
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