Datum Pty Ltd provided the following fringe benefits for staff members during the FBT year ended 31 March 2019:

• Alex was provided with (for no cost to Alex) a laptop computer which has a retail selling price of $4,000. This is used by Alex 60% for work related purposes;
• Linda took home stock with a retail price of $3,100 (she did not pay anything for this stock);

                        Assume Datum Pty Ltd sells identical goods to the public generally.

Required:

Calculate the fringe benefits tax liability for Datum Pty Ltd for the FBT year ended 31 March 2019.

                                                  

Answer rating: 100% (QA)

Fringe Benefits Tax FBT Liability for Datum Pty Ltd Fringe ben... View the full answer