Question
1. On 1 April 2018 (2019 FBT year), Sam received an interest-free loan of $92418.22 from her employer, BBB Pty Ltd. Sam used $50,000 as
1. On 1 April 2018 (2019 FBT year), Sam received an interest-free loan of $92418.22 from her employer, BBB Pty Ltd.
Sam used $50,000 as a deposit for an investment property which she plans to rent out, and the remainder was used to renovate her main residence.
Required: Calculate how much FBT the company is required to pay on Sam's loan fringe benefit.
Can you please answer it in 20 minutes please?
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Cost-Benefit Analysis
Authors: Euston Quah, E.J. Mishan
5th Edition
0415350379, 9780415350372
