Calculate TGG's total FBT liability for the year ending 31 March 2021. Q3. The Good Girls Ltd

Calculate TGG's total FBT liability for the year ending 31 March 2021.

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Q3. The Good Girls Ltd (TGGs) manufactures high-end women's fashion products and directly sells to customers on the market. For the FBT year ending 31 March 2021, TGGs provided the following fringe benefits for its employees listed as follows. Paid for Anh's daughter's school fees totalling $12 000. Provided Tiffany with a company car with a market price of $45 000 for the whole year - 25 per cent of Tiffany's use of the car was for business purposes and she paid the running costs totalling $1200. Paid the private use mobile phone and internet bills for all employees totalling $54 000. Provided the top sales staff with the company's top seller products - the total amount of the normal selling prices of these products was $50 000. Calculate TGGs' total FBT liability for the year ending 31 March 2021. Q3. The Good Girls Ltd (TGGs) manufactures high-end women's fashion products and directly sells to customers on the market. For the FBT year ending 31 March 2021, TGGs provided the following fringe benefits for its employees listed as follows. Paid for Anh's daughter's school fees totalling $12 000. Provided Tiffany with a company car with a market price of $45 000 for the whole year - 25 per cent of Tiffany's use of the car was for business purposes and she paid the running costs totalling $1200. Paid the private use mobile phone and internet bills for all employees totalling $54 000. Provided the top sales staff with the company's top seller products - the total amount of the normal selling prices of these products was $50 000. Calculate TGGs' total FBT liability for the year ending 31 March 2021.

Answer rating: 100% (QA)

TGGs Total FBT Liability for Year Ending March 31 2021 To calculate TGGs total FBT liability we need ... View the full answer