Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

XYZ., Co. gave fringe benefits to employees as follows: To its Clerks and Janitors P 100,000 To its Area Managers 650,000 From the foregoing facts,

XYZ., Co. gave fringe benefits to employees as follows:

To its Clerks and Janitors P 100,000

To its Area Managers 650,000

From the foregoing facts, how much is the total of the deductions of XYZ., Co?

Step by Step Solution

3.48 Rating (158 Votes )

There are 3 Steps involved in it

Step: 1

ULES ON FRINGE BENEFITS Under the Tax Code fringe benefits are taxable As an employer you hav... 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

Organizational Behaviour Concepts Controversies Applications

Authors: Nancy Langton, Stephen P. Robbins, Timothy A. Judge, Katherine Breward

6th Canadian Edition

132310317, 978-0132310314

More Books

Students also viewed these Accounting questions

Question

650 V is applied to a 2200-pF capacitor. How much energy is stored?

Answered: 1 week ago

Question

4. Is crime caused by mental illness?

Answered: 1 week ago

Question

How are power and harassment related?

Answered: 1 week ago

Question

How does one negotiate effectively?

Answered: 1 week ago