Question: Michael joined Big Tech Telecommunications Ltd , a mobile phone retailer, as the CEO. On 1 April 2 0 2 2 , the company acquired

Michael joined Big Tech Telecommunications Ltd, a mobile phone retailer, as the CEO. On 1 April 2022, the company acquired a
new motor vehicle costing $45000 from a GST-registered car dealer and immediately provided the car to Michael.
During the 2023 FBT year, the car travelled a total of 24000 kilometres, of which 16800 kilometres were for business use. The
running costs of the car, including fuel and oil, registration, insurance, and minor repairs and maintenance totalled $6400 for the
2023 FBT year.
Michael made an employee contribution totalling $1200 to Big Tech during the 2023 FBT year.
Using the statutory formula method, what is the amount of FBT payable by Big Tech for the FBT year ending 31 March 2023
(rounded to the nearest dollar)
 Michael joined Big Tech Telecommunications Ltd, a mobile phone retailer, as

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