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On 1 April 2018, Spiceco Pty Ltd provided a car to their employee Lucinda for her private use. Throughout the

2018/19 FBT year, the cost of the car was $18,000, repairs $3,300 Insurance $2,200, Fuel $ 990 (all above expenses are GST inclusive). Distance travelled 20,000 km (for the entire 2018/19 FBT year), Business use 70% Lucinda contributed $1,000 towards the cost of the car. Using the 2018/19 rates, calculate the FBT liability for Spiceco Pty Ltd for the 2018/19 FBT year, assuming Spiceco Pty Ltd would like to minimise its FBT liability. If there is more than one method of calculating the FBT liability, conclude which method should be used. Show full workings to support your conclusion

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