Sam accepts an offer of employment made by QP Pty Ltd to be their new associate director. His salary package includes a Credit Card worth $311. The card is to be used solely for business expenses and was provided on 1 April 2019. At the end of the FBT year ending 31 March 2020, Sam signs a s20A declaration that there has been no private use of the card. 

Required: 

Advise QP Pty Ltd of the fringe benefits tax payable (rounded to the nearest dollar) for the FBT year ended 31 March 2020.

Answer rating: 100% (QA)

Soluction As per the section 20A of Fringe Bengits Tax Assessmant Act 1986 an expanse payment fring... View the full answer