at purchase was $69159 and Sri's

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A: Define the FICA Tax, Social Security Tax and Medicare Tax-FICA Tax:FICA tax is a federal payroll tax…

Q: Henrich is a single taxpayer.

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Q: Please show each step of calculation based of AUSTRALIA TAXATION.

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A:

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Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.