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ABC Pty Ltd is a reseller of car roof racks. ABC sells a roof rack to an employee for $250. The rack cost ABC $1,500

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ABC Pty Ltd is a reseller of car roof racks. ABC sells a roof rack to an employee for $250. The rack cost ABC $1,500 and it normally sells to the public for $2,400 ABC has not provided any other fringe benefits to this employee. What is the taxable value? $1,550 5550 $250 $1,250

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