On $1$ September $2024,$ Tracey, a newly graduated speech pathologist, was employed as a mobile speech pathologist for a national company called Grow and Learn Pty Ltd$.$Tracey$$s new role entailed her travelling to various patients all over Western Sydney. Her salary package consisted of the following: $($i$)$ $$100,000$ annual salary $($ii$)$ $$25,0003-$year loan provided at a concessional rate of $3\%($Tracey used $$15,000$ to purchase shares in listed companies and $$10,000$ to pay for her child$$s school fees$)($iii$)$ a new Toyota Lexus $$ a plug$-$in hybrid car valued at $$90,000$ which Grow and Learn Pty Ltd leases from Toyota for $$10,000$ per year $$ During the $2025$ FBT year Tracey paid the following car expenses, which were reimbursed by Grow and Learn Pty Ltd: Registration$$ $$1,500$ Stamp duty$$ $$2,600$ Insurance$$ $$1,400$ Petrol$$ $$600$ Repairs & Maintenance$$ $$2,000$ Tracey maintains a log book and retains all invoices. As at $31$ March $2025,$ Tracey had travelled a total of $20,000$ Kms $(15,000$ kms of which were for business$)$ in the car. $$ Notes: $$ The annual depreciation rate for cars is $25\%$ Interest on borrowings used to purchase income producing assets is deductible $$ On $1$ February $2025$ Grow and Learn Pty Ltd informed Tracey that she will not need to repay $$5,000$ of the loan. $$ Required: Advise Grow and Learn Pty$$ Ltd of their FBT liability for the $2024/2025$ FBT Tax year. Your answer should clearly show relevant calculations, including the two methods for valuing the car fringe benefit. $$ You may assume: $($i$)$ All benefits provided to Tracey, apart from the loan, are Type $1$ fringe benefits, and $($ii$)$ Expenses incurred for the purpose of gaining assessable income are deductible $$ Your answer must be supported by references to relevant statutory provisions.