Answered: en that private corporations can select…

en that private corporations can select any date within the year as their year-end date, when is the tax payment deadline after the private corporation’s selected fiscal year end? _____________

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter17: Corporations: Introduction And Operating Rules

Section: Chapter Questions

Problem 14DQ

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Concept explainers

Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.

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Given that private corporations can select any date within the year as their year-end date, when is the tax payment deadline after the private corporation’s selected fiscal year end? _____________

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