Please more detail, thanks. Determine whether the following benefits are fringe benefits or exempt...
80.2K
Verified Solution
Link Copied!
Question
Finance
Please more detail, thanks.
Determine whether the following benefits are fringe benefits or exempt fringe benefits and, where applicable, the relevant category of fringe benefit. Provide reasons for your answer: (a) Payment to employee for the estimated cost of the employee's home phone bill as the (b) Provision of accommodation at the family home to a child who is over 21 and works in the (c) Payment of employee's superannuation contribution by the employer to a complying (d) Loan by Company X to one of its directors, Rupert, who is also a shareholder in the company. employee sometimes has to use the home phone for work purposes.* family business. superannuation fund. The company's rules do not permit loans to directors
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!