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SSS Ltd, which is GST registered, provides the following benefits to its employees for the year ended 31 March 2020. A motor vehicle with an

SSS Ltd, which is GST registered, provides the following benefits to its employees for the year ended 31 March 2020. 

A motor vehicle with an ATV of $40,000 (GST Exclusive) was provided to Timothy for private use. During the year, the vehicle was not available for Timothy's use for 5 days while it was being repaired and serviced. Timothy used the car for company business on 10 days. He contributed $1,200 towards the running costs of the vehicle during the year. 

On 1 April 2019, a loan of $50,000 at 2% interest was provided to Ramona a long serving employee. 

Unclassified benefits of $20,000 (cost price) were provided to employees (retail value $30,000) during the year. The employees contributed $10,000. 

Required: 

Calculate the taxable value of the fringe benefits provided by SSS Ltd for the year ended 31 March 2020.

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