The answerCalculated
A$4,266
for the year
That is A$9,076 grossed up at 47%.
How it was computed
| Taxable value | A$4,363 |
|---|---|
| Type 1 gross-up | 2.0802 |
| Grossed-up amount | A$9,076 |
| FBT rate | 47% |
| FBT payable | A$4,266 |
Assumes the taxable value is already determined and the employer can claim the GST credit, making this a Type 1 benefit.
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