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Mason is a car painter with Melbourne Collision Repair Centre

Finance

Mason is a car painter with Melbourne Collision Repair Centre. Mason studying BPA and his employer
pays for his course fees at Holmes Institute costing Mason $12,000. Also, Mason lives in a unit
apartment in Brisbane, which is provided to him by Melbourne Collision Repair Centre as his
employer as fringe benefit. The market value rent for the apartment is $500 per week, and Mason
pays $100 of rent per week for the apartment.
Required:
Advise the FBT consequences of Mason’s remuneration package (10 marks, maximum 200 words).

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