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Suggested The taxable value of fringe benefits provided by XYZ Ltd to its employees for the current FBT year is as follows: 1. Cars

Suggested The taxable value of fringe benefits provided by XYZ Ltd to its employees for the current FBT year

Suggested The taxable value of fringe benefits provided by XYZ Ltd to its employees for the current FBT year is as follows: 1. Cars - $32,000: input tax credits are available for GST purposes. 2. Loans - $6,000: has not paid GST. 3. Expense payments - $4,000: input tax credits available for GST purposes. REQUIRED: Calculate the FBT payable for the year.

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