Question 6 - Boliwark marks) Boliwark Pty. Ltd. is a manufacturer/wholesaler of electrical appliances supplying to retailers in major cities of Australia. On 1 Aug 2020 Boliwark Pty Ltd leases a car to be available for the sole use of Joely, their finance manager. Fringe Benefit Tax Joely parked the car at her home each night except for the entire month of February 2021 when the car was left at the business premises while she was overseas. No other employee used the car during February 2021. A. B. Details relating to the car are as follows: Value of the leased car Required (10) $61,800 Monthly lease payments $1,200 Business travel percentage as per logbook 66% Insurance and registration (1 Aug 2020 to 31 July 2021) $2,100 Petrol & Oil (paid by employee) $1,300 Car Maintenance $1,750 All necessary declarations were received. Calculate the taxable value of the car fringe benefit for the 2021 Fringe Benefits Tax year using two alternative methods. Show all working. 8 marks Calculate the minimum Fringe Benefits Tax payable by Boliwark in respect of the above fringe benefit. Boliwark is registered for GST. Show all working. 2 marks