Question: commencing 1 April, 2 0 2 2 , morgan Landscaping Pty Ltd ( Morgan ) provided Larissa ( an employee ) with the use of

commencing 1 April, 2022, morgan Landscaping Pty Ltd(Morgan ) provided Larissa (an employee) with the use of a Volkswagen Golf Car. The car cost $55,000(including GST) and was used privately every day during the year. LArissa did not maintain a logbook recording her private use of the car. during the year , Larissa contributed $3,000 towards the car's running costs. Calculate the minimum taxable value for this car benefit provided by Morgan In respect of the 2023 FBT year . A) $8,000 b) $7,000 c)$11,000 d) $10,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!