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John was provided with a car by his employer on 1 April 2020, which was mainly used for private purposes on the weekend. The market
John was provided with a car by his employer on 1 April 2020, which was mainly used for private purposes on the weekend. The market value of the car on 1 April 2020 was $30,000.
Calculate the FBT liability incurred by John's employer in providing this fringe benefit for the FBT year ended 31 March 2021.
please help me and please provide proper explanation and complete solution.
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