Determine whether the following benefits are fringe benefits or exempt fringe be

Determine whether the following benefits are fringe benefits or exempt
fringe benefits and where applicable the relevant category of the fringe
benefits. Provide reasons for your answer:a)
Kerry is
an employee of the university. She is provided with 10 gifts vouchers worth $50
each for use at the local supermarket as a Christmas gift. Advice Kerry and the
University of the tax consequences of this transactions b)
Sorella
borrowed $10000 from her employer on 4 September 2011 as her home was damaged
in a freak storm. The loan was provided at no interest. On 15 January 2012 her
employer informed sorella that she was only required to repay half the loan.
Advice sorella and her employer of the tax consequence of the transactions.c)
Penny is employed
as a secretary by law firm. As part of her remuneration package the firm agree
to provide her with legal services in relation to her divorce a 60% discount to
its normal rates. The firm also purchase plasma TV set for $5500(inclusive of
GST) which it gives to Penny. Explain how the taxable value of these fringe
benefits will be calculated.12 hundred words12