Assume that the Bank provides Employee with a housing loan of $400,000, at an interest rate of 5% pa. In the quarter, Employee pays Bank $5,000 as interest. With the market interest rate for the quarter is 7.41% pa, the interest paid by Employee to the Bank for the quarter ($5,000) is less than the interest that would have been paid if the loan were at the market rate ($7,410). a.) What is the value of the loan fringe benefit provided by Bank to the Employee for the quarter? b.) Calculate Fringe Benefit Tax for the quarter.