Which of the following statements is/are correct in relation to Fringe Benefit Tax (FBT)?

Select one:

A.

FBT rate is the top marginal tax rate plus Medicare levy.

B.

Fringe benefit is a non-cash benefit in respect of employment.

C.

Paid by the employee at the time of lodgement of tax return.

D.

All the specific statements are correct.

E.

Two of the specific statements are correct.