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Lo Status 10 points QUESTIONS On1 July 2020. Apple Pty Ltd purchased a car that was available for the sole use of its general manager.
Lo Status 10 points QUESTIONS On1 July 2020. Apple Pty Ltd purchased a car that was available for the sole use of its general manager. This employee parked the car at the home achtertora period of 20 days while the car was being repaired after a minor accident. Detais relating to the car are as follows at costs include GST were relevant Cost of the Business travel percentage as per book 560,000 Insurance and registration (1M2000 to 30 June 2021) 62% Petrol & Of Including 5800 paid by the employee) $1,650 Repairs (1/3/21) $4,000 $1,250 All necessary declarations were received Required: (A) Calculate the taxable value of the car fringe benefit for the 2021 Fringe Bieneles Tax year using two alternative methods & marks (3) Calculate the minimum Fringe Benefits Tax payable by Apple in respect of the above car fringe benefit. Apple is registered for GST (2 marks) For the toolbar, press ALT F10 (PC) or ALT FN+F10 (Mac) BI vs Paragraph Open Sans, 10pt A SF XX, 1 152 11 12 3 C () SA + !!! ] DWORDS POWERED BY TINY Lo Status 10 points QUESTIONS On1 July 2020. Apple Pty Ltd purchased a car that was available for the sole use of its general manager. This employee parked the car at the home achtertora period of 20 days while the car was being repaired after a minor accident. Detais relating to the car are as follows at costs include GST were relevant Cost of the Business travel percentage as per book 560,000 Insurance and registration (1M2000 to 30 June 2021) 62% Petrol & Of Including 5800 paid by the employee) $1,650 Repairs (1/3/21) $4,000 $1,250 All necessary declarations were received Required: (A) Calculate the taxable value of the car fringe benefit for the 2021 Fringe Bieneles Tax year using two alternative methods & marks (3) Calculate the minimum Fringe Benefits Tax payable by Apple in respect of the above car fringe benefit. Apple is registered for GST (2 marks) For the toolbar, press ALT F10 (PC) or ALT FN+F10 (Mac) BI vs Paragraph Open Sans, 10pt A SF XX, 1 152 11 12 3 C () SA + !!! ] DWORDS POWERED BY TINY
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