FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Professor Xavier was one of the Hall of Fame awardees of Marvel University. He was granted P10,000 cash as loyalty award for his 20 years

image text in transcribed

Professor Xavier was one of the Hall of Fame awardees of Marvel University. He was granted P10,000 cash as loyalty award for his 20 years of service. He was also given P5,000 Christmas gift and an additional P15,000 gift during the institution's Founding Day Anniversary. Likewise, he was also given free breakfast meal with a total value of P10,000 during the same year. How much is the taxable de minimis benefits? O P20,000 P30,000 0 P35,000 P25,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting And Audit With Bank Securities Theory Methodology Practice Improvement Of Accounting And Audit Of Operations With Securities Issued By The Bank

Accounting And Audit With Bank Securities Theory Methodology Practice Improvement Of Accounting And Audit Of Operations With Securities Issued By The Bank

Authors: Viktorija Koval'chuk, Igor' Shhurov

1st Edition

620600032X, 978-6206000327

More Books

Students also viewed these Accounting questions

Question

★★★★★
Based on each positions power base(s), what outcomes would a person in this position be likely to experience if they were acting as a leader?

Answered: 1 week ago

Question

★★★★★
In Exercises find the Maclaurin series for the function. f(x) arcsin x, X 1, x #0 x = 0

Answered: 1 week ago

Question

★★★★★
14.8. Repeat Problem 14.7 assuming the unrestricted form of the mixed model. You may use a computer software package to do this. Comment on any differences between the restricted and unrestricted...

Answered: 1 week ago

Question

★★★★★
The audit firm of Waggoner and Allen, LLP, recently received a request to submit a proposal to audit the financial statements of the Williamson County Public School System. The system is funded...

Answered: 1 week ago

Question

★★★★★
Professor Xavier was one of the Hall of Fame awardees of Marvel University. He was granted P10,000 cash as loyalty award for his 20 years of service. He was also given P5,000 Christmas gift and an...

Answered: 1 week ago

Question

★★★★★
The assignment reads as follows: Redesign and implement a version of the PigLatin program so that it uses a GUI. Accept the sentence using a text field and display the results using a label....

Answered: 1 week ago

Question

★★★★★
Carla Vista Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, rubber, plastics, and other materials are molded into bowling...

Answered: 1 week ago

Question

★★★★★
tell me if part a and c converge conditionally, converge absolutely, or diverge and show steps CoursHeroTranscribedText (a) (-1) +1 n=1 () (c) n=2 cos() 1 - n n5+5

Answered: 1 week ago

Question

★★★★★
d. You would also like to know which states tend to experience the longest departure delays. Create a map that visualizes the departure delay that you can expect in each origin state. Allow the user...

Answered: 1 week ago

Question

★★★★★
Cayman Inc. bought 30% of Maya Company on January 1, 2018 for $450,000. The equity method of accounting was used. The book value and fair value of the net assets of Maya on that date were $1,500,000....

Answered: 1 week ago

Question

★★★★★
Regarding the importance of management and leadership in projects, all the following statements are false except which one? This type of question contains radio buttons and checkboxes for selection...

Answered: 1 week ago

Question

★★★★★
4. To what extent do you think measures of a countrys wellbeing should be included when comparing the performance of countries? Should there be something like the balanced scorecard, discussed in...

Answered: 1 week ago

Question

★★★★★
2. In your opinion do you think that measures of social performance should be considered when deciding managers pay? If so what measures should be used?

Answered: 1 week ago

Question

★★★★★
2. Obtain a copy of the safety policy for either your college or your workplace. a. Use this to identify the roles of various people in the organisation in relation to health and safety. b. Use the...

Answered: 1 week ago

Previous Question Next Question