Sienna is required to live away from home for work purposes for 30 days during the FBT year. For this period, she is paid a living-away-from-home allowance of $8,500. The allowance includes $110 per day which the employer can show is reasonably necessary to compensate her for the cost of accommodation and $60 per day for her food costs. Calculate the taxable value of this living-away-from-home allowance fringe benefit for the year ended 31