General rule

(1)

The amount of surcharge payable by a person on the person's reportable fringe benefits total for a year of income is the total of the amounts worked out under whichever of Divisions 2, 3 and 4 apply to the person for a period in the year of income.

No surcharge payable if taxable income is $13,389 or less

(2)

However, no surcharge is payable by the person if the person's taxable income for the year of income is $13,389 or less.

Reduced surcharge if taxable income is $14,474 or less

(3)

If the person's taxable income for the year of income is more than $13,389 but not more than $14,474, the amount of surcharge payable by the person is not more than 20% of the amount by which the person's taxable income exceeds $13,389. This subsection has effect despite subsection (1).