Problem: Alon is an employee at a large sales company. He has negotiated the following benefits with his employer: Provision of a car for work and personal use. Alon was provided with the car for the period 1 April 2020 to 31 March 2021. The leased car value was $28,000 on 1 April 2020, and the car had only been leased for a year at that time. Alon is required to pay for any petrol costs, which he has determined to be $1,700 for the period 1 April 2020 to 31 March 2021. Calculate Fringe benefits on the basis of the statutory formula method.