Pacific was a nich included a and registered ed in trade or b

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter26: Tax Practice And Ethics
Section: Chapter Questions
Problem 13DQ
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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?
Transcribed Image Text: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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