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QUESTION
Free goods to the value of $500 each to seven employees. The total free goods given to the employees for last three quarters was $20,000.
- Free goods to the value of $500 each to seven employees. The total free goods given to the employees for last three quarters was $20,000.
Would it be assessable income for employees or exempt income or taxable fringe benefit or excluded income?
- Low interest loan to the value of $12,000. The interest charged was 1.5%.
Would it be assessable income for employees or exempt income or taxable fringe benefit or excluded income?
- Rent paid for housing the managing direction and his family $11,000.
Would it be assessable income for employees or exempt income or taxable fringe benefit or excluded income?
- Paid medical fees of $500 for health checks for employees as required by the Health and Safety Act.
Would it be assessable income for employees or exempt income or taxable fringe benefit or excluded income?
