Question 28 of 30 5 points SAVE ANSWER Question 28 Scott is a livestock auctioneer employed by Auctions R Us Pty Ltd and is required to do a lot of travelling for work. He was therefore provided with a car by his employer during the FBT year ended 31 March 2020. The car was purchased by the company on 1 October 2019 for $46,700 (GST inclusive) and was made available to Scott to keep on his premises when not in use. As part of the arrangement, Scott was required to contribute to the fuel costs as he sometimes travelled out of town to visit family which amount to approximately 30% of car use. His total contribution amounted to $2,000 for the year. Using the statutory formula method, what would be the FBT payable by Auctions R Us Pty Ltd for the year ended 31 March 2020 (to the nearest dollar)? What would be the advantages to Auctions RUS Pty Ltd in using the statutory formula method over the actual cost method