Taxable Fringe Benefits for Rank and File Employees

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Which of the following is considered as a taxable fringe benefit for rank and file employees?

Sack of rice

Medical services

Meals furnished by the employer

Performance bonus (correct)

What type of allowance given to an employee is exempt from taxation?

Reimbursement-type allowance (correct)

Performance bonus

Fixed transportation allowance

Representation allowance

Which of the following is an exempt fringe benefit for rank and file employees?

Danger exposure allowance

Fees received for performance of service

Rental value of quarters furnished to an employee

Living quarters (correct)

What type of payments are considered exempt for rank and file employees?

Dismissal payments Signup and view all the answers

Which of the following is considered as a taxable fringe benefit for rank and file employees?

Fees received by an employee for the performance of a service Signup and view all the answers

Which one of these is considered as a taxable fringe benefit for rank and file employees?

$100 meal subsidy Signup and view all the answers

Which of the following is NOT considered a taxable fringe benefit for Managerial or Supervisory Employees?

Retirement and separation benefits exempt under the law Signup and view all the answers

Under what conditions would the lodging cost in a hotel or establishment be considered as a taxable fringe benefit?

If the lodging cost exceeds US$300/day Signup and view all the answers

Which of the following is a condition for reasonable foreign travel expenses to be exempt from fringe benefit tax?

The travel must be supported by official communication from business associates abroad indicating the purpose of the meeting Signup and view all the answers

Which of the following housing benefits is exempt from being considered as a taxable fringe benefit?

Housing benefits provided to military officials of the Armed Forces of the Philippines Signup and view all the answers

What is taxable as a fringe benefit when provided by the employer for the employee in social and athletic clubs or other similar organizations?

Membership fees, dues, and other expenses in full Signup and view all the answers

When would traveling expenses paid by the employer for the travel of family members of the employee be treated as taxable fringe benefits?

When there is no documentary evidence to support that the foreign travel was for business meetings or convention Signup and view all the answers

Which of the following is NOT treated as a taxable fringe benefit for household personnel if shouldered by the employer?

Payment for educational expenses Signup and view all the answers

What percentage of the cost of a first-class airplane ticket is considered as a taxable fringe benefit?

30% of the cost of the ticket Signup and view all the answers

Under what condition would retirement and separation benefits be considered as taxable fringe benefits?

Under no circumstance are retirement and separation benefits considered as taxable fringe benefits Signup and view all the answers

Which of the following is considered a taxable fringe benefit for rank and file employees?

Meals furnished or subsidized by the employer Signup and view all the answers

Which type of allowance given to an employee is exempt from taxation?

Personal economic relief allowance (PERA) granted to government employees Signup and view all the answers

What is exempt from being considered as a taxable fringe benefit for rank and file employees?

Courtesy discounts on purchases Signup and view all the answers

Which of the following is NOT treated as a taxable fringe benefit for rank and file employees?

Performance bonus Signup and view all the answers

Under what condition would retirement and separation benefits be considered as taxable fringe benefits?

When the retirement and separation benefits are paid in lump sum or in regular installments Signup and view all the answers

What type of payments are considered exempt for rank and file employees?

Meals, living quarters, de minimis entertainment, medical services Signup and view all the answers

Which type of allowance given to an employee is exempt from taxation?

Reimbursement-type allowance Signup and view all the answers

What percentage of the cost of a first-class airplane ticket is considered as a taxable fringe benefit?

30% Signup and view all the answers

Under what condition would retirement and separation benefits be considered as taxable fringe benefits?

If subject to final tax Signup and view all the answers

Which of the following is NOT treated as a taxable fringe benefit for household personnel if shouldered by the employer?

Personal driver of the employee Signup and view all the answers

What type of payments are considered exempt for rank and file employees?

Excess advances retainable by the employee Signup and view all the answers

Which of the following is considered as a taxable fringe benefit for rank and file employees?

$300/day lodging cost in a hotel Signup and view all the answers

When would traveling expenses paid by the employer for the travel of family members of the employee be treated as taxable fringe benefits?

If not for business meetings or conventions Signup and view all the answers

What is taxable as a fringe benefit when provided by the employer for the employee in social and athletic clubs or other similar organizations?

$500 annual membership fees in social clubs Signup and view all the answers

Taxable Fringe Benefits for Rank and File Employees

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Questions and Answers

Which of the following is considered as a taxable fringe benefit for rank and file employees?

What type of allowance given to an employee is exempt from taxation?

Which of the following is an exempt fringe benefit for rank and file employees?

What type of payments are considered exempt for rank and file employees?

Which of the following is considered as a taxable fringe benefit for rank and file employees?

Which one of these is considered as a taxable fringe benefit for rank and file employees?

Which of the following is NOT considered a taxable fringe benefit for Managerial or Supervisory Employees?

Under what conditions would the lodging cost in a hotel or establishment be considered as a taxable fringe benefit?

Which of the following is a condition for reasonable foreign travel expenses to be exempt from fringe benefit tax?

Which of the following housing benefits is exempt from being considered as a taxable fringe benefit?

What is taxable as a fringe benefit when provided by the employer for the employee in social and athletic clubs or other similar organizations?

When would traveling expenses paid by the employer for the travel of family members of the employee be treated as taxable fringe benefits?

Which of the following is NOT treated as a taxable fringe benefit for household personnel if shouldered by the employer?

What percentage of the cost of a first-class airplane ticket is considered as a taxable fringe benefit?

Under what condition would retirement and separation benefits be considered as taxable fringe benefits?

Which of the following is considered a taxable fringe benefit for rank and file employees?

Which type of allowance given to an employee is exempt from taxation?

What is exempt from being considered as a taxable fringe benefit for rank and file employees?

Which of the following is NOT treated as a taxable fringe benefit for rank and file employees?

Under what condition would retirement and separation benefits be considered as taxable fringe benefits?

What type of payments are considered exempt for rank and file employees?

Which type of allowance given to an employee is exempt from taxation?

What percentage of the cost of a first-class airplane ticket is considered as a taxable fringe benefit?

Under what condition would retirement and separation benefits be considered as taxable fringe benefits?

Which of the following is NOT treated as a taxable fringe benefit for household personnel if shouldered by the employer?

What type of payments are considered exempt for rank and file employees?

Which of the following is considered as a taxable fringe benefit for rank and file employees?

When would traveling expenses paid by the employer for the travel of family members of the employee be treated as taxable fringe benefits?

What is taxable as a fringe benefit when provided by the employer for the employee in social and athletic clubs or other similar organizations?

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