Employer provides a car with an engine capacity of 1,800cc to Employee costing $50,000. The car is provided wholly for personal use for the whole of the first quarter of 2021. Employer provides a car with an engine capacity of 1.800cc to Employee costing $50,000. The employee uses the car 90% of the time for work purposes and 10% of the time for private purposes for the whole of the first quarter of 2021. Employer provides a car with an engine capacity of 1,800cc to Employee costing $50,000. The employee uses the car 90% of the time for work purposes and 10% of the time for private purposes for the third month of the first quarter of 2021.

Required: 

Identify categories of Fringe benefits provided to the employee by the company 

Calculate Net Value of Fringe Benefit 

Calculate Fringe Benefits Taxable Amount Calculate Fringe Benefits Tax 

Complete the Fringe Benefits Tax Return form