Question
Grant Pty Ltd provides its manager Phil a company car for his use. Phil has kept a log book denoting that 15% of his travel
Grant Pty Ltd provides its manager Phil a company car for his use. Phil has kept a log book denoting that 15% of his travel is private. The total running costs of the vehicle for the period 1 April 2017 to 31 Mar 2018 amounts to $18700 including GST & Grant Pty Ltd is entitled to a GST tax credit. How much Fringe Benefits Tax does Grant Pty Ltd have to remit to the Tax Office?
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Management And Cost Accounting
Authors: Charles T. Horngren, George Foster, Srikant M. Datar
3rd Edition
