taxation

Question 4 (10 marks) William is James' employer. William paid the following payments on behalf of James. Item Payment by William Tax deduction had James paid $ $ Computer part 300 300 University fees 450 200 HELP charges 850 Nil Taxi fares 300 100 Required: Calculate is the taxable value for FBT purposes of the following payments. You must refer to relevant legislation and/or case law in your answer. ANSWER: 695 words ** O e here to search