Five main salient features of the fbt

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What is 'fringe benefit tax' (FBT)? Explain at least five main salient features of the FBT? Part -B Calculate the taxable value of the fringe benefit using the statutory formula in the following case context: Carron provides his employee (Rabbie) with the use of a Nissan Xtrail car 196 days during the FBT year. During the period, the car travelled 15,000 km. Carron purchased the car last year for $45,000. Rabbie contributed $1,500 towards the cost of running the car and has provided Carron with relevant documentation.

Reference no: EM132906952

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