John paid $1,000 in telephone bills during the 2018/19 FBT year. He uses his phone approximately 50%
Fantastic news! We've Found the answer you've been seeking!
Question:
John paid $1,000 in telephone bills during the 2018/19 FBT year. He uses his phone approximately 50% for business use. His employer reimbursed him $800 for business calls on the basis that it was his estimated business use. Identify the type of fringe benefit and the taxable value of the benefit.
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
Posted Date: