Scott is a mortgage broker and has to drive around often to see his clients. His employers
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Scott is a mortgage broker and has to drive around often to see his clients. His employers has provided him with a car to use from April The car was valued at $ Scott is allowed to take the car home and use it for some private use but he is required to keep records in the form of a log book.For the fringe benefit year, Scott kept the log book which indicated he travelled kms of which kms was work related travel.Scott has kept all the receipts and below is the summary for the current tax year:Fuel $Registration $Insurance $Repairs $Parking Fine $ReqCalculate the FBT payable. Show all workings as at June l Who pays the fringe benefit tax?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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