Question
Question 7 The fringe benefits taxable amount is computed according to the following formula- A/ (1-r) Where- A = the total value of fringe benefits
Question 7
The fringe benefits taxable amount is computed according to the following formula-
A/ (1-r)
Where-
A = the total value of fringe benefits provided by the employer to the employees in the quarter; and
r = the Fringe Benefit Tax rate specified in section 5(2).
Critically examine the effect of this formula on tax liability.
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Personal Finance
Authors: Jeff Madura
5th edition
132994348, 978-0132994347
