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Question - In the FBT year ended 31 March 2021, Pink Pty Ltd provided the following benefits to Rachel, one of its employees.
Paid for Rachel's daughter's school fees totalling $12,000
Paid for Rachel to attend a managerial course necessary for her employment. The course cost $5,000
Provided Rachel with a briefcase for use when she was attending client meetings. The briefcase was valued at $300.
Calculate the FBT liability incurred by Pink Pty Ltd in providing these fringe benefits for the FBT year ended 31 March 2021.
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