This assignment examines the concept of fringe benefit tax (FBT) in Australia, using a specific case study involving a car fringe benefit provided by an employer (BMA) to an employee (Janet). It details the calculation of FBT payable based on the statutory formula and provides relevant information about the Fringe Benefit Tax Assessment Act 1986. The assignment also clarifies that other types of benefits, such as loans, may not be subject to FBT unless provided at a concessional interest rate.