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HA3042 Individual assignment QUESTION 2 (10 MARKS) Calculate the taxable value of the fringe benefit using the statutory formula in the following case context Nasir

HA3042 Individual assignment QUESTION 2 (10 MARKS) Calculate the taxable value of the fringe benefit using the statutory formula in the following case context Nasir provides his employee (Rajesh) with the use of a Toyota car for 267 days during the Fringe Benefits Tax year. During the period, the car travelled 17,000 km. Nasir purchased the car last year for $42,000. Rajesh contributed $2,500 towards the cost of running the car and has provided Nasir with relevant documentation (Maximum-400 words)

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