Answered: percentage tax? *

Business

Accounting

percentage tax? *

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter8: Relationships Among Inflation, Interest Rates, And Exchange Rates

Section: Chapter Questions

Problem 2ST

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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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