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Question 4 (6 marks) Fringe Benefit Tax Vanilla Ltd, which is GST registeredI provides the following benefits to its employees for the Year ended 31

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Question 4 (6 marks) Fringe Benefit Tax Vanilla Ltd, which is GST registeredI provides the following benefits to its employees for the Year ended 31 March 2019. . A motor vehicle which cost $50,000 (EST-inclusive} is provided to Simon for private use. During the year the vehicle was not available for Simon's use for 8 days when it was being repaired and serviced. Simon contributed $300 towards the running costs of the vehicle during the year. . An interest free loan of $25,000 was made to Zixuan . Contributions of $2,000 was made to Divia to help subsidise her trip to indie to see her family Required: Calculate the taxable value at the fringe benets provided by Vanilla Ltd for the year ended 31 March 2019. (6 marks}

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