User Account

All Pages

Calculate Cherry FBT liability

Assignment Help Accounting Basics
Reference no: EM132837799

Question - Cherry Cosmetics is a cosmetic company and has provided the following fringe benefits to its employees during the year ended 31 March 2019:

Entertainment food and drinks $13,200 (including GST).

A statutory interest amount of $10,000 on free loans provided to employees.

Required -

i. Identify the benefits as Type 1 or Type 2.

ii. Calculate Cherry's FBT liability for the 2019 FBT year (show your workings).

Reference no: EM132837799

Questions Cloud

COMH7200 Epidemiology for Health Researchers Assignment : COMH7200 Epidemiology for Health Researchers Assignment Help and Solution, Wits University - Assessment Writing Service
Implementing control system : What are the steps involved in setting up and implementing a control system?
Identify focal and contextual stimuli for each adaptive mode : A 23-year-old male patient is admitted with a fracture of C6 and C7 that has resulted in quadriplegia. He was injured during a football game at the university.
How learning changes over time impact organizational culture : Discuss how learning changes over time impact organizational culture. What is the impact of this cultural change on the success of IT projects
Calculate Cherry FBT liability : A statutory interest amount of $10,000 on free loans provided to employees. Calculate Cherry's FBT liability for the 2019 FBT year (show your workings)
Describe the leadership ethic of care : On a different topic, our lesson in Week 4 presents the leadership Ethic of Care and the Leadership Ethic of Justice. In any role for a DNP-prepared nursing.
Discuss the best way to use space in terms of position : Discuss the visual assets such as charts, interactive controls, and annotations that will occupy space in work. Discuss the best way to use space in terms.
What are specific operational risks for bank : What are specific people risks associated with a bank? What are specific operational risks for a bank?
What is the book-tax difference due to the options exercised : The total bargain element at the time of exercise was $60,000. For 2020, what is the book-tax difference due to the options exercised

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd