Joseph was provided by his employer with a company car valued at $30,000 on 1 April which was garaged at his home each night. Running costs associated with the car during the year was $12,600. The car travelled a total of 20,000 kilometres, 10,000 of which were for business purposes. The amount of FBT due by his employer on the car is?

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Fringe Benefit Tax FBT is a tax on nonsalary benefits provided to employees by their employers such as the provision of a company car The tax is typic... View the full answer