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ABC Computers Reimburses the Telephone Expenses ($120 Per Month), for Each

Question 16

Multiple Choice

ABC Computers reimburses the telephone expenses ($120 per month) , for each month of the FBT year ended 31 March 2020, of an employee. The employee has kept records showing that 70% of her telephone expenses relate to work calls. What is the taxable of this expense payment fringe benefit provided by ABC Computers?


A) $0
B) $432
C) $1,008
D) $1,440

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