Jiaolong has been appointed Manager of a national poultry and meat processing company in Mildura from 1 April 2018 for 5 years and has received a salary packaging arrangement, involving: (1) Salary, Bonus, Clothing allowance and Superannuation benefits Jiaolong received from his employer $100,000 salary and $20,000 bonus $5,000 clothing allowance $25,000 employer sponsored superannuation contribution to Jiaolong's chosen superannuation fund. (2) Gym Membership for himself and his partner The employer paid Aquagym directly an amount of $598 for 2 gym memberships for Jiaolong and his spouse. (3) Low rate interest loan Jiaolong has a low interest loan of $500,000, which he used (40%) to pay off his home mortgage in a Melbourne property and the balance (60%) as a deposit for a rental apartment at Phillip Island. He pays a rate of 1.9% on this loan. (The benchmark interest rate is 5.2% for the 2019 FBT year.) (4) Housing The employer rents a modest 4-bedroom home at market value in Mildura for $400/wk for Jiaolong's family use for the 5-year contract. Jiaolong makes no contribution to the rent and rents out his home in Melbourne. (5) Company car Jiaolong drives a car for work costing $80,000. He travels 30,000 km in the FBT year given he attends a fortnightly Manager's Meeting in Melbourne. Jialong gives the employer $2,000 for the year as he has exclusive use of the car for business and private use. Jioalong's employer chooses the Statutory Method to (5) Company car Jiaolong drives a car for work costing $80,000. He travels 30,000 km in the FBT year given he attends a fortnightly Manager's Meeting in Melbourne. Jialong gives the employer $2,000 for the year as he has exclusive use of the car for business and private use. Jioalong's employer chooses the Statutory Method to calculate FBT. REQUIRED Part 1 In relation to Jiaolong's salary packaging arrangement, calculate the aggregate fringe benefits under s 5C FBTAA 1986. Part 2 Calculate the FBT payable under s 5 and s 66 FBTAA 1986. (12 marks)