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. In the taxable year 2020, the following data pertain to a corporate business organization: 90,000 De minimis benefits to all employees 180,000 Local traveling expenses paid by company for the travel of his supervisory employees and the members of their families 100,000 A Mitsubishi car benefit for the personal and company use of the company's sales manager. Said car was purchased under the following terms: cost price P500,000, 20 % down payment on installment basis payable for 43 months with 12 % interest per annum based on the outstanding balance 70,000 Membership fees and dues in social and athletic clubs paid by the company for the benefit of the managerial employees What is the total fringe benefit tax? a. P184,879 b. P278,479 c. P188,462 d, P134,615 The correct answer is: P188,462