Mason is a car painter with Melbourne Collision Repair Centre. Mason studying BPA and his employer pays for his course fees at Holmes Institute costing Mason $12,000. Also, Mason lives in a unit apartment in Brisbane, which is provided to him by Melbourne Collision Repair Centre as his employer as fringe benefit. The market value rent for the apartment is $500 per week, and Mason pays $100 of rent per week for the apartment. Required: Advise the FBT consequences of Mason’s remuneration package note: kindly i need answer according to australian taxation system
Mason is a car painter with Melbourne Collision Repair Centre. Mason studying BPA and his employer pays for his course fees at Holmes Institute costing Mason $12,000. Also, Mason lives in a unit apartment in Brisbane, which is provided to him by Melbourne Collision Repair Centre as his employer as fringe benefit. The market value rent for the apartment is $500 per week, and Mason pays $100 of rent per week for the apartment. Required: Advise the FBT consequences of Mason’s remuneration package note: kindly i need answer according to australian taxation system
Chapter5: Introduction To Business Expenses
Section: Chapter Questions
Problem 56P: Hassad owns a rental house on Lake Tahoe. He uses a real estate firm to screen prospective renters,...
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Mason is a car painter with Melbourne Collision Repair Centre. Mason studying BPA and his employer
pays for his course fees at Holmes Institute costing Mason $12,000. Also, Mason lives in a unit
apartment in Brisbane, which is provided to him by Melbourne Collision Repair Centre as his
employer as
pays $100 of rent per week for the apartment.
Required:
Advise the FBT consequences of Mason’s remuneration package
note: kindly i need answer according to australian
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