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Sunshine Pty Ltd made a loan of $350,000 to an employee on 1 June 2020 at an interest rate of 2.5%. The loan was used
Sunshine Pty Ltd made a loan of $350,000 to an employee on 1 June 2020 at an interest rate of 2.5%. The loan was used by the employee to purchase his first home. On 1 March 2021, the employee made a principal repayment of $20,000 on the loan. What is the taxable value of the loan fringe benefit to Sunshine Pty Ltd for the FBT year ended 31 March 2021 (calculate using days and to the nearest dollar)? $6,666 $6,200 $7,590 $6,038 $8,050
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