The answerCalculated
A$3,869
for the year
That is A$8,232 grossed up at 47%.
How it was computed
| Taxable value | A$4,363 |
|---|---|
| Type 2 gross-up | 1.8868 |
| Grossed-up amount | A$8,232 |
| FBT rate | 47% |
| FBT payable | A$3,869 |
Assumes the taxable value is already determined and the employer cannot claim a GST credit on it, making this a Type 2 benefit.
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