Simpsons and Associates is a law firm which has provided the following benefits to its employees for the 2021/22 FBT year. The turnover for the firm is $12 million.

Identify the relevant elements of Australian tax law in the following scenarios and calculate the FBT payable by Simpsons and Associates for the 2021/22 tax year. Show your workings by embedding your spreadsheet or table below.

• James was provided with a Toyota which is parked at James home. The car was bought by the company on 1 April 2018 for $48,500 (GST inclusive), including $1,900 for registration and compulsory third party insurance.
• Susan and her family were given a weekend trip to Hunter Valley costing $3,500 (GST inclusive).
• Brad was provided with a loan from the company for $200,000 on 1 August 2021 and paid 2% per annum interest on the loan. The FBT benchmark interest rate is 4.52% for the FBT year ending 31 March 2022.
• Louis was provided car parking at the office car park. Wilson Parking is located within a one kilometre radius of where Louis car is parked and charges a fee of $25 for all day parking.