Lana, a company messenger, received the following fringe benefits during the taxable period. the fringe benefit tas of Lana would be:

Motor vehicle purchased to deliver the messages 51,000

Actual medical help for the hernia operation 13,600

Food allowance per month 1,700

Uniform allowance 680

Grocery items 3,000

Question 2

ABC Company purchased a car for a cash price of 1,000,000. If the ABC purchased the car on installment, the monthly payment would 20,000 for 5 years. If the company decided to maintain the car for the personal use of its president as needed. How much is the fringe benefit tax?

Question 3

ABC Company purchased a car for a cash price of 1,000,000. If the ABC purchased the car on installment, the monthly payment would 20,000 for 5 years. If the company decided to transfer the ownership of the car in the name of its president, how much is the fringe benefit tax?

Question 4

Lana, an employee of ABC company, borrowed money from the company amounting to 88,400. The company's policy is to change 1% per month to its employees instead of its regular interest rate of 9.5% per annum. How much is the fringe benefit tax?

Answer rating: 100% (QA)

Fringe Benefit Tax Calculations Question 1 Lanas Fringe Benefit Tax Motor vehicle Taxable value FBT ... View the full answer