Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 18, 2024

I need help understanding how to calculate the 2018/2019 FBT liability on the following benefits: BENEFITS Drinks and entertainment (including GST) = $24 945 Type

I need help understanding how to calculate the 2018/2019 FBT liability on the following benefits:

BENEFITS

Drinks and entertainment (including GST) = $24 945 Type 1

Expense reimbursement (including GST) $3,856 Type 1

Employee Rent $20,000

Type 2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems

Authors: Robert Hurt

4th Edition

78025885, 78025884, 9781259293795 , 978-0078025884

More Books

Students also viewed these Accounting questions

Question

★★★★★

An advertisement in the Vancouver Sun catches your eyes: "MAKE THEM STARE. Not that they'll have much of a choice. The aggressive air intakes and chiselled lines of the 2014 Mercedes-Benz CLA make a...

Answered: 1 week ago

Question

★★★★★

The Homestead Furniture Store has just begun selling a new line of inventory. Management must now decide on an inventory method to use. Method A results in higher net income and higher assets than...

Answered: 1 week ago

Question

★★★★★

Is financial support available for travel to conferences?

Answered: 1 week ago

Question

★★★★★

Beechers Boston Barbeque Company purchased a customer list and an ongoing research project for a total of $300,000. Beecher uses the expected cash flow approach for estimating the fair value of these...

Answered: 1 week ago

Question

★★★★★

1 2 . For moderate - contention scenarios, which synchronization tool is often recommended? o A . Spinlocks o B . Mutex locks o C . Atomic variables o D . Memory barriers

Answered: 1 week ago

Question

★★★★★

Industrialization in the 18th century eventually led to social movements as a result of which of the following? Select all that apply More widespread use of machines in manufacturing Exploitation of...

Answered: 1 week ago

Question

★★★★★

Part 3 of 5 - Game Theory Battle Between Two Chip Firms The following is a classic normal form game that depicts the pricing rivalry between Intel and AMD for their newest top-oftheline microchip....

Answered: 1 week ago

Question

★★★★★

Service providers (airlines, hotels, restaurants, visitor attractions) in the tourism industry, need to maintain a high capacity, in order to meet their overheads. The term "capacity" refers to the...

Answered: 1 week ago

Question

★★★★★

In a small town, two restaurants compete in the market for pizza. Each restaurant must decide whether to advertise or not. The potential monthly profits for these firms are shown below (in thousands...

Answered: 1 week ago

Question

★★★★★

Figure 13.4 shows the effect of an increase in the world interest rate on a small open economy with perfect capital mobility. We assumed there that the Net Capital Outow (NCO) was positive. For most...

Answered: 1 week ago

Question

★★★★★

1. Kelvin has $12,000 in outstanding student loans. Which of the following criteria should Kelvin fulfill to be eligible for the Public Service Loan Forgiveness (PSLF) program? He should be a...

Answered: 1 week ago

Question

★★★★★

( 2 0 marks ) Quastion 3 : Truoks Lmiad has a 3 0 june year end and operatos on a five day working weok. The conditiana of employment at Trucks Limited stipuate thet each emplopee is entitied to a 2...

Answered: 1 week ago

Question

★★★★★

1. What is the meaning of the information we are collecting?

Answered: 1 week ago

Question

★★★★★

3. How much information do we need to collect?

Answered: 1 week ago

Question

★★★★★

2. What types of information are we collecting?

Answered: 1 week ago

Previous Question Next Question