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Please show solution based on philippines Mr. Peter, a self-employed individual, had provided the following fringe benefits during a. Housing units provided to the plant

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based on philippines

Mr. Peter, a self-employed individual, had provided the following fringe benefits during a. Housing units provided to the plant supervisor necessary to the business the 2018 taxable year: Solve the Problem below: Show your solutions. PROBLEM 1 (Adapted) P 900.000 1,000,000 382,500 operation of the employer: Fair Market value Zonal value b. Cash payment for the purchase of grocery items C. Car benefit in the name of the finance officer acquired on installment basis: Cash price Installment price: Down payment Annual installment for four years at the amount of 750,000 400,000 400,000 Compute for the total fringe benefits expense and fringe benefits tax

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