here are three scenarios given below you are only required to calculate the taxable value for each benefit for the year ending 31 March 2020.

a) You operate a computer servicing business and pay an employee's internet bill of $200 for the year ending 31 March 2020. On 31 March 2020, your employee provides you with a declaration stating that 40% of the bills are for business purposes and are, as a result, otherwise deductible. The other 60% of the calls are private calls.

b) You operate a manufacturing business and lend an employee $22,000. You have charged 2.2% interest and the employee made no repayments during the FBT year. The benchmark FBT rate is given in the appendix.

c) Your business builds software and mobile applications. During this FBT year, the business paid internet bills for two of the employees. These bills were paid to a third-party organization for the full FBT year. The monthly total internet bill was $200.