Answered: percentage tax? *

Business

Accounting

percentage tax? *

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter17: Business Tax Credits And The Alternative Minimum Tax

Section: Chapter Questions

Problem 4RP

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Concept explainers

Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.

Question

Which of the following is subject to percentage tax? *

An international SMS from the Philippines to Japan

A call from Abroad to Philippines

A pasa-load between Smart Telecom subscribers

A call from a Globe Telecom subscriber to a Smart Telecom subscriber.

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