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a) Janice is an employee of Moneyco Pty Ltd, a national housing loan specialist. On 1 April 2015, Judith takes out a housing loan with

a) Janice is an employee of Moneyco Pty Ltd, a national housing loan specialist.

On 1 April 2015, Judith takes out a housing loan with her employer for

$200,000 at an interest rate of 3% pa. This was a very good rate as she has

shopped around and the rate available from her current bank was 8%. The

statutory rate for the 2015-16 FBT year is 5.65%.

Required:

Calculate the FBT payable by Moneyco Pty Ltd in relation to the loan fringe

benefit.

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