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Kiri Kiri is a real estate salesperson. He has been achieving his sales targets and therefore, recognized as the top salesperson in the Victorian region.

Kiri Kiri is a real estate salesperson. He has been achieving his sales targets and therefore, recognized as the top salesperson in the Victorian region. Due to his outstanding performance, his employer gave Kiri Kiri a return trip to Bali (flight, hotel, etc). The total value of the trip was $4,000 including GST. It was awarded on the 23rd of January 2020

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  1. Analyze and explain the above situation for the benefits provided to Kiri Kiri by his employer. Apply a suitable option by comparing all the available calculation methods to reduce the tax liability for the employer. In your analysis, you are required to show the step by step FBT calculations. (5 marks).
  2. How would your answer change if the trip to Bali was to attend a real estate sales conference and not for personal recreation? Briefly explain your response. (2 marks).

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