TAX 1501 ASSIGNMENT 4 2024 QUESTIONS WITH
CORRECT ANSWERS ALREADY GRADED A+|ALL
THE BEST!!
During the current year of assessment, Dornan received a low-interest loan from his employer. The taxablefringe benefit
is calculated using which rate?
a. Interest rate on the loan less official interest rate
b. Official interest rate less interest rate on the loan
c. Interest rate on the loan
d. Official interest rate