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An employer purchases a car on 1 October 2021 for $35,000 and provides that car to an employee to use for private purposes for the
An employer purchases a car on 1 October 2021 for $35,000 and provides that car to an employee to use for private purposes for the rest of the FBT year. If the employee reimbursed the employer $2,000 for using this car, state the taxable value of this car fringe benefit provided under the statutory formula method. You are required to write the figure in whole dollars without the dollar sign. [A]
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