specify the category and the applicable division of the Fringe Benefits Tax Assessment Act 1986 (FBTAA);

• provide section references of the FBTAA for each part of your calculation; and
• indicate whether the benefit is a Type 1 or Type 2 benefit and state the reason.

Reasons for any exclusions must also be provided.

It provides the following to its staff in the FBT year ended 31^st March 2020.

Vivienne - the chief salesperson and chief buyer

1. A Mercedes GLC43 motor vehicle purchased on 1 March 2019. It cost $130,000 with Stamp Duty of $8,125. At Vivienne's request extra-wide sports tyres were fitted. These cost $6,200. Insurance and registration paid at purchase cost $3,560. Fuel was $10,200 for the current FBT year. Registration and insurance paid on 1 March 2020 was $3,800. A correctly maintained logbook showed 85% work-related use and 15% private use. The car was garaged at WBG's premises while she was on a work-related trip - see below.
2. Mobile phone and home Internet costs were $3,400 of which work-related use was 90%. It was provided via WBG's provider.
3. A new laptop which cost $4,700 was provided on 10 November 2019. It was used for work-related purposes only.
4. Air-line tickets, hotel accommodation and transfers to several Gift Shows in Asia and the USA. The total cost was $25,000. The trip was for three weeks and she attended gift shows on all weekdays, using the weekends to transfer to another show in a different city or country.
5. A Clothing Allowance of $10,000. She was required to look professional for all meetings with clients.

REQUIRED:

Complete working papers showing how you have calculated the taxable value of each benefit provided. Include in your working papers references to the FBT legislation for each benefit provided and provide reasons and explanations for any items which you exclude from the calculations. Calculate the FBT payable by World's Best Gifts Pty Ltd.