Brian is a senior bank executive with an annual salary of $200,000. In addition, as part of the remuneration package, his employer provided him with a loan of $100,000 at a special interest rate of 1% per annum. The loan was provided on 1 April 2020. He used 70% of the borrowed funds to buy some shares for investment purposes and the remaining 30% of the borrowed fund to buy a car for private use. (a) Discuss the fringe benefits tax consequences arising from the above information. (5 marks) (b) Calculate the fringe benefits tax liability for the year ended 31 March 2021.