Question
uring the FBT year ending 31 March 2022, Julia Zhu, an employee of a computer retail business, received the following benefits from her employer: a
uring the FBT year ending 31 March 2022, Julia Zhu, an employee of a computer retail business, received the following benefits from her employer: a laptop computer with a normal selling price of $1800 solely for her private use the inventory acquisition price paid by the business was $1200 a car parking benefit valued $1280 a loan of $10 000 with an interest rate at 2.1 per cent p.a., and a clothing and hairdressing allowance for $600. Indicate the tax consequences of receiving these benefits from Julias perspective and also calculate the employers FBT liability (where appropriate). Show calculations.
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