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Lim receives a car from his employer as part of his employment package. Use the following details to determine the amount of FBT the employer

Lim receives a car from his employer as part of his employment package. Use the following details to determine the amount of FBT the employer would pay (if any) for providing the car for the 2023 FBT year. The cost price of the car when purchased (in 2015) was $50,000 The car is used by Lim for the full FBT year The car is owned by the employer The running costs of the car (fuel, registraƟon and services) are $5,000 Lim pays $1,200 towards the fuel The car is not used at all for work purposes

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