Example: Procter & Gamble provides the following incentives to Mr. Sevilla-local Sales Manager with two qualified dependents Toyota Vios worth Php 1.5 million under the name of the P&G 2. Annual grocery allowance of Php 60,0 Monthly vacation pay of Php 3,000. 4. Annual association dues at Makati Sports Club 120,000 5. Annual Group Insurance Premium of Php 240,000 with Phitan Life 6. Sunlife Insurance of Php 2 million with premium monthly of Php 2,000 and beneficiary is the immediate 7. SMART Postpaid Plan of Php 2,000 per month for handling 24/7 client t of employee inquiries 8. Tuition fee of qualified dependents at Php 150,000 semi-annually. Compute the Fringe Benefit Tax that will be paid by P&G for incentives