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Mary Jones is a marketing manager where she works at a retail store which sells camera equipment. She was granted a 40% staff discount off
Mary Jones is a marketing manager where she works at a retail store which sells camera equipment. She was granted a 40% staff discount off the purchase price of camera equipment. The normal markup on this equipment is 30% during the same period she paid $800 for her camera equipment purchased from the retail store.
Identify the type of fringe benefit and calculate the FBT Liability arising from this benefits.
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