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In the FBT year ending 31 March 2020, ABC Pty Ltd paid one of its executives mobile phone bills. The total cost of this bill
In the FBT year ending 31 March 2020, ABC Pty Ltd paid one of its executives mobile phone bills. The total cost of this bill was $2,000. The telephone was used 60% of the time for business calls, and the remainder was personal use. Calculate ABC Pty Ltds FBT liability for the fringe benefit provided (rounded to the nearest whole dollar).
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