Question 1 (13 Marks) Jasmine Tan is a Sales Manager with SQLT Pte Ltd, a firm of computer distributors. She receivers a salary of $85,000, an entertainment allowance of $4,000 and a fully maintained company car, a Mazda 3. The purchase of cost of the car on 1 April 2013 was $26,000. The total running costs including deprecation are $12,750 pa, the car travels 14,000 km a year, of which 6,000 km are on business. As part of her salary package a superannuation benefit is provided on a 5:10% employee-employer basis. Other benefits form her salary package entitle Jasmine Tan to have mobile phone ($560), subscriptions to professional magazines ($350 pa), professional association subscription ($210), and use of airport lounge membership ($460) Because of the long work hours involved with her work Jasmine Tan is provided with the use of an IMB desktop PC for work at the home. The lease cost of the computer is $100 per month. As part of an incentive scheme the firm offers a trip to Hawaii to the employees who has made the most sales during the quarter. Jasmine Tan won this prize for the June quarter. It cost $1,750. Required: Advise Jasmine Tan and SQLT Pte Ltd as to the tax consequences of the above