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Ralf was employed by Central Coast Consultants ( NSW ) Pty Ltd ( Central ) as their General Manager on 0 2 June 2 0
Ralf was employed by Central Coast Consultants NSW Pty Ltd Central as their General Manager on June Central provided Jason with an executive car, which was purchased and delivered on the day Ralf commenced his employment. The car was purchased for $ including $ stamp duty.
Jason drove a total of km from June to March He has a logbook showing business use of Part of Jasons employment contract required Jason to pay all of the running costs on his car. The total value of all running costs for the FBT year ended March was $
Calculate the Fringe Benefits Tax consequences for Jasons vehicle, showing all of your calculations, using:
a The statutory formula method
b The operating cost method
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