Question
Jim is the managing director of a company and earns a basic salary in 2019-20 of 225,000. He receives benefits from the company during the
Jim is the managing director of a company and earns a basic salary in 2019-20 of 225,000. He receives benefits from the company during the year as it follows:
He is provided with a company loan of 50,000 on which he is charged interest at 0.75% per annum
Calculate Jim's taxable benefit in 2019-20 (assume an official rate of interest of 2.5% per annum)
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Management Information Systems Managing the Digital Firm
Authors: Kenneth C. Laudon, Jane P. Laudon
15th edition
134639715, 978-0134639710
