Angelo R.

Vasquez
BSA-AC2A
QUIZ IN FRINGE BENEFITS

1. A 6. D 11. A 15. Incomplete Given

2. D 7. D 12. A * but if the two data given was used the answer is:
3. C 8. D 13. D FBT Whole No. Rounded
4. A 9. C 14. A 96,923 96,923.08
5. D 10. B 16. D

17.. 2017 2018 18. None. It is necessaary to the nature

Whole No. 35,294 40,385 of the business. It is also a advantage
Rounded 35,294.12 40,384.62 to the employer.

Whole No. Rounded

19. a 183,077 183,076.92
b 523,077 523,076.92

20.. 12,923 12,923.08

21.. 107,692 107,692.31

22.. 129,877 129,876.92

23. Loan FB 53,846 53,846.15

24. a 16,154 16,153.85

b 129,230.00 129,230.77

25. B

26. a 214,000
b 49,400

27. B

SOLUTIONS:

NO. 17 2017 2018

Zonal Value 3,000,000 MV 75,000 75,000
x5% x 50% GUMVF 68% 65%
M. Value 75,000 GUMV 110,294.12 115,384.62
FBTR 32% 35%
FBT 35,294.12 40,384.62
NO. 19
MV 340,000 FB Expense 340,000
GUMVF 65% FBT 183,076.92
GUMV 523,076.92 Cash 523,076.92
FBTR 35%
FBT 183,076.92

NO. 20 NO. 21 NO. 22 NO. 23

MV 24,000 200,000 241,200 100,000
GUMVF 65% 65% 65% 65%
GUMV 36,923.08 307,692.31 371,076.92 153,846.15
FBTR 35% 35% 35% 35%
FBT 12,923.08 107,692.31 129,876.92 53,846.15

NO. 24 $ Peso A
Plane ticket
1st class 1,000 50,000 30% 15,000
Economy 500 25,000 Exempt
Hotel Accomodation 2,700 135,000 Exempt
Inland travel 600 30,000 -15,000 15,000
Total 240,000 30,000

MV 30,000
GUMVF 65%
GUMV 46,153.85
FBTR 35%
FBT 16,153.85

B
MV 240,000
GUMVF 65%
GUMV 369,230.77
FBTR 35%
FBT 129,230.77

NO. 25
MV 68,000 FB Expense 136,000
GUMVF 65% FBT 36,615
GUMV 104,615.38 Cash 172,615
FBTR 35%
FBT 36,615.38

NO. 26
TOTAL DE MINIMIS OTHER B.
Monetized Unused leave 24,000 16,000 8,000
Rice subsidy 36,000 24,000 12,000
Uniform allowance 12,000 6,000 6,000
Achievement award 20,000 10,000 10,000
Girts on christmas 15,000 5,000 10,000
Medical Benefits 20,000 10,000 10,000
Laundry allowance 12,000 3,600 8,400
 13th month pay 30,000 30,000
Mid year bonus 30,000 30,000
Productivity Bonus 15,000 15,000
TOTAL 214000 74600 139400
Ceiling -90,000
Taxable 49,400