IT - Fringe Benefits Flashcards
1
Q
Limit for medical benefits given to employees
A
10,000/year
2
Q
Employee achievement award
A
10,000/year
- must be in the form of tangible personal property other than cash or GC
- received by employee under and established written plan which doesn’t discriminate in favor of highly paid employees
3
Q
Benefits received by virtue of CBA and productivity incentive schemes
A
10,000/year
4
Q
Gifts given during Christmas and major anniversary celebrations
A
5,000/year
- gifts and NOT bonuses
5
Q
Uniform and clothing allowance
A
5,000/year
6
Q
Rice subsidy
A
1,500/month or one sack of 50kg/month not exceeding 1,500/month
(~18,000/year)
7
Q
Laundry
A
300/month
~3,600/year
8
Q
Medical cash allowance to dependents
A
750/semester or 125/month
~1,500/year
9
Q
Daily meal allowance for overtime work and night/graveyard shift
A
25% of basi minimum wage on a per region basis
10
Q
Monetized unused vacation/sick leave
A
IF GOVERNMENT:
- No limit
- Sick AND vacation leaves
IF PRIVATE:
- 10 days/year
- Vacation leaves ONLY
