Q 1;

Is it a car fringe benefit?

1. Mary works for ABC ltd. ABC Ltd provides a car to Mary so that she can drive to see clients during work.
2. Mary works for ABC ltd. ABC Ltd provides a car to Mary so that she can drive to see clients during work. She is allowed to drive the car home and park the car in her garage.

Q2: Is it a debt waiver fringe benefit?

1. Mary owes $5,000 to her company. Her company decided to waive $1,000 debts.
2. Johnson, the director and shareholder of the company. He borrowed $5,000 from the company which has been waived by the company. The companys policy is not to lend money to its employee.

Q3 Is it a loan fringe benefit?

1. Mary was provided a loan with interest rate of 10% by her employer. The market interest rate is 8%.

Q4 Is it an expense fringe benefit?

1. Mary works for ABC Ltd. ABC pays Marys home phone bills for she has to work from home and use the home phone for work only.
2. Mary works for ABC Ltd. ABC pays for Marys home phone bills. It estimates the home phone bill to be $200 a month and pays $200 every month to Marys bank account.
3. Mary works for ABC Ltd. ABC pays for Marys home phone bills directly to the telephone service provided on behalf of Mary.