Hello,

Can I please get help with this question, the 3rd answer " Employee need to complete TFN declaration form. A copy of the form must be sent to the ATO" is incorrect as it is a payroll obligation.

Much Love!

Q 1.2:List four legal requirements of an employer if they pay a Fringe Benefit of $3,250 to an employee

(NOTE: this question does not concern payroll obligations)

1.	Employer will need to ensure that the business is registered with ABR for PAYG withholding and FBT.
2.	PAYG Withholding will need to be deducted from the employee's wages and remitted to the ATO via the IAS or BAS together with any FBT instalment.
3.	Employees need to complete the TFN declaration form. A copy of the form must be sent to the ATO
4.	There will be a reportable fringe benefit of $3,250 that will need to be reported on the employee's end of year payment summary.