Question
Sam accepts an offer of employment made by QP Pty Ltd to be their new associate director. His salary package includes a Credit Card worth
Sam accepts an offer of employment made by QP Pty Ltd to be their new associate director. His salary package includes a Credit Card worth $164. The card is to be used solely for business expenses and was provided on 1 April 2019. At the end of the FBT year ending 31 March 2020, Sam signs a s20A declaration that there has been no private use of the card. Required: Advise QP Pty Ltd of the fringe benefits tax payable (rounded to the nearest dollar) for the FBT year ended 31 March 2020. This is taxtaion subject ACC708 but there is no option for taxtaion so i put it as a accounting subject.
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