In the FBT year ended 31 March 2021, Pink Pty Ltd provided the following benefits to Rachel,
Fantastic news! We've Found the answer you've been seeking!
Question:
In the FBT year ended 31 March 2021, Pink Pty Ltd provided the following benefits to Rachel, one of its employees.
· Paid for Rachel’s daughter’s school fees totalling $12,000
· Paid for Rachel to attend a managerial course necessary for her employment. The course cost $5,000
· Provided Rachel with a briefcase for use when she was attending client meetings. The briefcase was valued at $300.
Calculate the FBT liability incurred by Pink Pty Ltd in providing these fringe benefits for the FBT year ended 31 March 2021.
Related Book For
Accounting Business Reporting for Decision Making
ISBN: 9780730302414
4th edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
Posted Date: