1. Which of the following statements is correct?

a. A tradesman who runs his own business is given a valuable gift because they completed a job for a business at short notice. FBT is payable

b. An employee receiving compensation for an injury will impose an FBT liability on their employer

c. Benefits given to a child of an employee will be considered as subject to FBT

d. Wages paid to an employee will be subject to fringe benefits tax (FBT).

2. Which of the following statements is wrong?

a. Deductions are possible on Australian films

b. Environmental clean-ups can be deductible

c. Only primary producers are able to average their annual income

d. Rehabilitation of a mine at the end of operations is 100% deductible

3. Which statement is untrue?

a. The employer pays the FBT, not the employee

b. Religious institutions are exempt from FBT, but not universities

c. The FBT rate for 2020-2021 is 15%

d. Benevolent institutions are exempt from FBT, but there are certain limits on benefits provided to certain employees