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William is James employer. William paid the following payments on behalf of James. Item Payment by William Tax deduction had James paid $ $ Computer

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.

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