Question
ABC Pty Ltd is registered with the ATO for the Fringe Benefits Tax. During the current FBT year, the company supplied a laptop ($1200) and
ABC Pty Ltd is registered with the ATO for the Fringe Benefits Tax. During the current FBT year, the company supplied a laptop ($1200) and armchair ($550) to one of their employees. Both of these items are used for business purposes only. How much taxable income the does the company need to declare for FBT reasons?
Select one:
a. None
b. $1750
c. $550
d. $1200
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Accounting Essentials For Hospitality Managers
Authors: Chris Guilding
3rd Edition
0415841097, 978-0415841092
