Mica is the chief chemist of V Medical Hospital Inc. As reward for good performance, she was sent by her employer to the United States to attend a 3-day convention of International Association of Medical technologists. She was booked on a first class ticket that cost the company US $2,000 ($1=P50) for a round trip ticket. Economy ticket costs only $1,200. She was likewise given an allowance to bw used for her meals and local transportation at a rate of US $100 daily which is subject to liquidation. The amount of fringe benefit-tax is---
Mica is the chief chemist of V Medical Hospital Inc. As reward for good performance, she was sent by her employer to the United States to attend a 3-day convention of International Association of Medical technologists. She was booked on a first class ticket that cost the company US $2,000 ($1=P50) for a round trip ticket. Economy ticket costs only $1,200. She was likewise given an allowance to bw used for her meals and local transportation at a rate of US $100 daily which is subject to liquidation. The amount of fringe benefit-tax is---
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
Problem 24MCQ
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Mica is the chief chemist of V Medical Hospital Inc. As reward for good performance, she was sent by her employer to the United States to attend a 3-day convention of International Association of Medical technologists. She was booked on a first class ticket that cost the company US $2,000 ($1=P50) for a round trip ticket. Economy ticket costs only $1,200. She was likewise given an allowance to bw used for her meals and local transportation at a rate of US $100 daily which is subject to liquidation.
The amount of
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