1:  Amanda, the manager of a beauty salon pays $3000 (inc. GST) for two well-performing beauticians to attend a bridal makeup seminar organised by Melbourne bridal makeup association. This payment was a reward for their good work. What would be the FBT payable for Amanda?

2: Thin capitalisation rules apply only in certain circumstances. The rules will not apply to ?

 

3: Businesses with related party international dealings may get audited by the ATO for transfer pricing. Which of the following may increase the chance of getting audited or reviewed by the ATO?

 

4: Calculate the taxable amount for car fringe benefits using the cost basis method. Total cost is $25,000, 70% business use, 30% private use and recipient contribution for the year was $500.

 

5: A Company (Base rate entity) Pays a cash dividend of $8000 and decides to frank it to 60%. How much franking credit is attached to this dividend?