Rica accepted an offer of employment made by Aussie Accountants to be their new graduate accountant. Aussie Accountants offers her salary package including payments as set out below: 1. Base Salary $65,000 2. Annual Chartered Accountant Membership $2,200. This is part of the employment's requirement to belong to a professional accounting body.

On the 1st January 2022, Aussie Accountants make the following payments on behalf of Rica to:

3. Aussie Travels for expenses on her behalf amounting to $6,600 for her to enjoy a holiday in Cairns in that month.. Rica would not be entitled to claim a deduction for any part of this amount under the Income Tax Assessment Act 1997 or 1936 had she paid the amount.

4. $5,500 to Riverside Oaks for annual golf subscription for Sita to take the clients out for a game of golf to discuss business opportunities with Aussie Accountants

Aussie Accountants is entitled to claim an input tax credit for GST purposes.

Required:

1. Advise Aussie Accountants of the tax consequences for EACH of this payment and refer to the relevant section(s) of the FBTAA that apply. (2 marks)

2. Then show the taxable values (if any) ( 2 marks) 3. Then show how you would calculate the fringe benefits tax payable (if any) rounded to the nearest dollar for the 2019 FBT year (4 marks)

4. Who is liable to pay the Fringe Benefits Tax? Explain (2 marks)