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UAP Company owns a condominium unit in The Residences which is near the factory and the plant's administrative building. To make it convenient to its

UAP Company owns a condominium unit in The Residences which is near the factory and the plant's

administrative building. To make it convenient to its executive, it allowed the latter to use the said property

as his residence. The zonal value of the property is P32,000,000 while its fair market value as shown in its

current Real Property Tax Declaration amounts to P25,000,000. How much is the fringe benefits tax?

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