Employer's Property Usage Scenarios Quiz
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Questions and Answers

What is the formula to calculate Monetary Value (MV) when an employer leases a residential property for the use of his employee?

  • Acquisition Cost x 2.5%
  • FMV x 2.5%
  • Rental Paid Per Annum x 50% (correct)
  • ZV x 5%

    • When an employer owns a residential property and assigns it for the use of his employee, what is the formula to calculate Monetary Value (MV)?

  • Acquisition Cost - Interest
  • (FMV x 5%) - (ZV x 50%)
  • (FMV vs. ZV, Whichever is higher) x 2.5% (correct)
  • (Rental Paid Per Annum x 50%) x 2.5%

    • What is the Monetary Value (MV) calculation when an employer purchases a residential property on an installment basis and allows the employee to use it?

  • (Rental Paid Per Annum x 50%) - Interest
  • (FMV x 5%) - Acquisition Cost
  • (FMV vs. ZV, Whichever is higher) - Cost to the employee
  • Acquisition Cost x 2.5% (Net of interest) (correct)

    • In the scenario where an employer purchases a residential property and transfers ownership in the name of the employee, what is the correct formula to determine Monetary Value (MV)?

    <p>(FMV vs. ZV, Whichever is higher)</p> Signup and view all the answers

    When an employer purchases a residential property and sells it to the employee at a price lower than the acquisition cost, what formula should be used to calculate Monetary Value (MV)?

    <p>(FMV vs. ZV, Whichever is higher) - Cost to the employee</p> Signup and view all the answers

    What would be the correct formula for Monetary Value (MV) if an employer purchases a residential property and allows his employee to use it without mentioning any percentage calculation?

    <p>(Acquisition Cost vs. ZV, Whichever is higher)</p> Signup and view all the answers

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