A. Calculate the taxable value of the fringe benefit using the statutory formula in the following case context: Nancy provided her employee (William) with the use of a Toyota Pajero car 216 days during the Fringe Benefit Tax year. During the period, the car travelled 12,000 km. Nancy purchased the car last year for $65,000. William contributed $2,000 towards the cost of running the car and has provided Nancy with relevant documentation

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Q: lculate the taxable value of the fringe benefit using the statutory formula in the following case…

A: Taxable value benefit  = 57000/365 *216 =33731.5 + 3000 = 36731.5

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