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Des works for Blockey Pty Ltd which manufactures bricks. During the FBT year Des purchased bricks from his employer for $5,000. The bricks cost $6,500
Des works for Blockey Pty Ltd which manufactures bricks. During the FBT year Des purchased bricks from his employer for $5,000. The bricks cost $6,500 to manufacture and are normally sold to retailers for $10,000. If Des has received no other fringe benefits this year, what is the taxable value of this benefit?
Group of answer choices
$2,500
$4,000
$5,000
$1,500
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