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fnllowing incomes are subject to basic tax, fringe incomes are subjeck mark in the column provided CHAPTER EXERCISES PROBLEMS ine if the following incomes are

image text in transcribed fnllowing incomes are subject to basic tax, fringe incomes are subjeck mark in the column provided

CHAPTER EXERCISES PROBLEMS ine if the following incomes are subject to basic tax fit tax or exempt from tax by putting a check mark in the Column pr below. 'f the value of the benefit iSprovided, indicate the corr_ect amount. ArhLbuht Subjcito Subject- to FBT easic rax 1. Officer's expense account not P 120,000 subject to "qudatton 2. expense account subject ljqudaton 3 Personal expenses of the company offirs. pad for or by the company- 4. Annual untorm allowances granted to an executive 5 Housing benefits of officials of the Philppine Army / 6 Housing benefits of offcials of corporation Housing unit fumjshed to an employee, where sad unit was situated inside or adjacent to & ttepremises of the bustness 9. Monetized unused vacation leave credits not exceeding 10 days. 80,000 50,000 6,000 360,000 250,000 45000 15,000 by an Officero;saonnel benefit corporaton domestc rnedical cash allowance to 60,000 1,500 172

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