question archive Mason is a car painter with Melbourne Collision Repair Centre
Subject:AccountingPrice: Bought3
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