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Calculate the FBT liability incurred by John employer

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Question - John was provided with a car by his employer on 1 April 2020, which was mainly used for private purposes on the weekend. The market value of the car on 1 April 2020 was $30,000. Calculate the FBT liability incurred by John's employer in providing this fringe benefit for the FBT year ended 31 March 2021.

Reference no: EM133018672

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