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TAX1501 Assignment 4 Due 29 April 2024

TAX1501 Assignment 4 Due 29 April 2024

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During the current year of assessment, Dornan received a low-interest loan from his employer. The taxable
fringe benet is calculated using which rate?

a. Interest rate on the loan less ocial interest rate
b. Ocial interest rate less interest rate on the loan
c. Interest rate on the loan
d. Ocial interest rate

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