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4. Fringe Benefits Tax and Salary Sacrifice (10 marks) (a) Explain the meaning of 'salary sacrifice'. What is the benefit for an employee in being

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4. Fringe Benefits Tax and Salary Sacrifice (10 marks) (a) Explain the meaning of 'salary sacrifice'. What is the benefit for an employee in being involved in a salary sacrifice arrangement? (b) What types of employee benefits may be included a salary sacrifice arrangement? (c) What are the implications of salary sacrifice arrangements on employers? (d) Explain how fringe benefits tax is calculated in Australia

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