
(3) ITX - CHAPTER 11 (S1))
Quiz
•
Mathematics
•
University
•
Medium
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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rank and file employees may be subject to fringe benefit tax.
F
T
Answer explanation
*can be subj. to RIT under compensation income
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fringe benefits are always subject to fringe benefit tax.
F
T
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The personal expenses of employees shouldered by the employer are fringe benefits.
F
T
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Managerial or supervisory employees are subject to fringe benefit tax.
T
F
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The tax base of the fringe benefit tax is the grossed-up monetary value of the fringe benefit.
F
T
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The fringe benefit tax is a creditable withholding tax presumed to have been withheld at source by the employer from the fringe benefits of supervisory or managerial employees.
T
F
Answer explanation
*final tax
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The taxable fringe benefit subject to the fringe benefit tax is the excess of the de minimis benefits over P90,000.
F
T
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