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Question 1
Lets calculate FBT(Fring Benefits Tax)
Personal usage of car is 6000 Kilometers (According to cents-per-mile rule)
then we get that 6000 kilometers==>3728 miles
(where one mile equals to 5.5 cents)
then we get
==>3728 x 5.5==>20,504
Now as based on Loan we get that
==>100,000 x interest rate of 5%
==>100,000 x 5%
==>5000
So, Finally the total FBT(Frings Beifits Tax) will be
==>20,504 x 5000
==>25,504
FBT must Leo pay for the year ended 31st Mar 2019 is
==>25,504.
As per chegg guidelines I have answered the 1st question please post remaining questions sperately. Thanks!