In which transaction will a capital gain arise?

	a.	If a taxpayer receives amounts from the CGT event which are less than the taxpayer's costs associated with that event.
	b.	If a taxpayer receives amounts from the CGT event which exceed the taxpayer's costs associated with that event.
	c.	If the taxpayer's costs associated with the CGT event exceed the amounts received from the event.
	d.	Both A and B

For the FBT year commencing 1 April 2020, the telephone bills of Jean Lock are paid by the employer. The bills totalled $660. Jean contributes $220 to the cost, and the business use is 30%.

What would be the taxable value of the benefit for FBT purposes?

           

	a.	$503
	b.	$462
	c.	$308
	d.	$440