Question
John paid $1,000 in telephone bills during the 2018/19 FBT year. He uses his phone approximately 50% for business use. His employer reimbursed him $800
John paid $1,000 in telephone bills during the 2018/19 FBT year. He uses his phone approximately 50% for business use. His employer reimbursed him $800 for business calls on the basis that it was his estimated business use. Identify the type of fringe benefit and the taxable value of the benefit.
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South-Western Federal Taxation 2020 Comprehensive
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
43rd Edition
357109147, 978-0357109144
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