Subjects finance

Taxable Benefits 230594

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Taxable Benefits 230594


1. **State the problem:** A company provides a monthly rice subsidy of 2800 and a uniform allowance of 8000 per year. We need to find how much of these are taxable benefits per year. 2. **Identify the given values:** - Monthly rice subsidy = 2800 - Uniform allowance per year = 8000 3. **Calculate the annual rice subsidy:** Since the rice subsidy is monthly, multiply by 12 to get the yearly amount: $$2800 \times 12 = 33600$$ 4. **Calculate total benefits per year:** Add the annual rice subsidy and the uniform allowance: $$33600 + 8000 = 41600$$ 5. **Determine taxable benefits:** Assuming both the rice subsidy and uniform allowance are fully taxable, the total taxable benefits per year are: $$41600$$ **Final answer:** The taxable benefits per year amount to 41600.