In the FBT year ended 31 March 2021, Pink Pty Ltd provided the following benefits to Rachel, one of its employees.

·       Paid for Rachel’s daughter’s school fees totalling $12,000

·       Paid for Rachel to attend a managerial course necessary for her employment. The course cost $5,000

·       Provided Rachel with a briefcase for use when she was attending client meetings. The briefcase was valued at $300.

Calculate the FBT liability incurred by Pink Pty Ltd in providing these fringe benefits for the FBT year ended 31 March 2021.