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Question 2 (20 Marks) Raymond is an employee of the X2Y Accounting firm; He is provided with 10 gift vouchers worth $50 each for

Question 2 (20 Marks) Raymond is an employee of the X2Y Accounting firm; He is provided with 10 gift vouchers worth ( $ 50

Question 2 (20 Marks) Raymond is an employee of the X2Y Accounting firm; He is provided with 10 gift vouchers worth $50 each for use at Local Department Store as a Christmas gift (FBT Year 2021). Advise Kenneth and his employer of the tax consequences of this transaction from FBT (Fringe Benefits Tax) point of view.

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