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pls helps thanks Fringe Benefits Taxes (4 items x 10 points) Compute for the fringe benefits tax due in the following scenarios. 1. In 2018,

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Fringe Benefits Taxes (4 items x 10 points) Compute for the fringe benefits tax due in the following scenarios. 1. In 2018, Delta 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. a. How much is the fringe benefits tax? b. Assuming that the ownership over the property will be transferred to the executive, how much is the fringe benefits tax? 2. Delata Corporation bought a condominium unit for P6,000,0000. The fair market value of the property per tax declaration is P6,800,000 while the zonal value is P6,500,000. It was transferred in the name of Pedro, one of its executives, for a lower consideration amounting to P5,800,000. How much is the fringe benefits tax? 3. Omega Corporation purchased a motor vehicle worth P1,400,000 for the use of its executive. It was registered under the executive's name despite the agreemnt that it should be used partly for the company's benefit. How much is the fringe benefits tax? 4. First Metro Pacific was able to persuade Francis to join the company as its Assistant Vice President for Finance which included a car plan worth P3,000,000 in its compensation package. The company purchased the vehicle and registered the same in favor of Francis. Assuming further that Francis is a non-resident alien not engaged in trade or business, how much is the fringe benefits tax

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