The grossed-up monetary value of fringe benefits shall be computed as:Select one:a.For non-resident aliens engaged in business or trade in the Philippines, the monetary value shall be divided by 85%.b.The monetary value of employees in special economic zone shall be divided by 68%.c.The monetary value of the fringe benefit shall be divided by 75% for non-resident alien not engaged in business or trade in the Philippines.d.The monetary value shall be divided by 75% for non-resident citizens.

The following statements are true, except:Select one:a.Second hand motor vehicle provided to a rank and file employee is not subject to fringe benefits tax.b.Fringe benefits given to employees holding managerial positions are subject to final tax.c.Fringe benefits given to employees regardless of what positions they are holding are subject to fringe benefits tax.d.The grossed-up monetary value is computed by dividing the monetary value by the grossed-up monetary rate

Which of the following income is to be imposed of 10% FWT?*1 pointRoyalties for an inventionEarned by a franchisee of siomai kingDividend received by a non resident alien enganged in trade or businessShares from a domestic corporation received by a non resident citizen

Aspects considered in National Income:(a) Final goods and services are included in national income.(b) Produced goods in a financial year are included in national income.(c) Double counting is avoided.(d) Value is considered as per market price.Options:(1) a and c(2) b and c(3) a, c and d(4) a, b, c, and d

National IncomeConsumptionInvestment01006020026060400420606005806080074060100090060The equilibrium level of income is:a.500b.400c.800

Consider a homogenous good industry with four firms. Total demand is given by D(p)=100-p. The variable (=marginal) cost of each of the firms is c1=20, c2=40, c3=50 and c4=55. Firms compete in prices. Suppose firms 1 and 2 merge into one entity and produce with a marginal cost of k>0. What is the threshold value for k below which the merger increases total welfare? [if applicable, round up to the second decimal place.]