Question
In 2019, J Corporation bought a condominium unit on installment for the use of its executive. The acquisition cost inclusive of 12% interest is P6,720,000.
In 2019, J Corporation bought a condominium unit on installment for the use of its executive. The acquisition cost inclusive of 12% interest is P6,720,000. The fair market value of the property per Tax Declaration is P6,800,000 while the zonal value is P6,500,000.
- How much is the fringe benefit tax?
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Financial Accounting an introduction to concepts, methods and uses
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
13th Edition
ISBN: 978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003
