A) ABC has provided fringe benefits during the current FBT year

The taxable value of type 1 benefit amounted to $43,260. The taxable value of type 2 benefit amounted to $31,715

The company has also paid:

Quarter

June 20CY $15,530

September 20CY $15,350

December 20CY $14,850

calculate FBT payable by ABC for the current FBT year

B) BCD is a GST registered property developer. It purchased a parcel of land back in 1997 for $150,000. The land was sold in January CY for $2,360,000

BCD obtained a professional valuation of the land on the day that GST was introduced into Australia. The valuation value the land at $680,000

Calculate the GST applicable to the sale of the land using both the consideration and valuation method

C) DEF contributed $34,000 to a complying superannuation fund for the year ended 30 June CY on behaft of one of its employees, Wendy, aged 30

Wendy devoured gross wages of $120,300 for the year of income. He had no other accessible income and $3000 of work related deductions

Calculate Wendys tax liability as a result of the excess contribution and indicate how Wendy can pay this tax liability