Jasmine borrowed $15,000 from her employer on 1 February 2020 to pay for her wedding. The loan was provided at an interest rate of 2%. The wedding was on 29 February 2020 and on that day, Jasmine's employer informed her that she only needed to repay $10,000 of the loan. Advise Jasmine's employer as to the FBT consequences (including calculation of any FBT liability) arising out of the above information. You may assume that the wedding costs are not a deductible expense for tax purposes. You may also assume that any benefits are Type 2 benefits. (5 Marks) Additional Information: Taxable value of loan fringe benefit = Loan amount x (Statutory interest rate Actual interest rate) x (No. of days loan provided during the year / 366) Statutory interest rate: 5.37% Fringe benefits taxable amount = (Taxable value of loan fringe benefit + amount of the loan waived) x 1.8868 Fringe benefit tax payable = Fringe benefits taxable amount x 47%