McGuire Corporation is planning to acquire a corporate jet to increase the efficiency and security of its

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McGuire is planning to acquire a corporate jet to increase the efficiency and security of its executives who will use the jet for both business trips and personal vacations. McGuire wants to know how it should determine the amount that is taxed to its employees when they use the corporate jet for personal travel.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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When corporations allow employees to use corporate aircraft for nonbusiness trips there are several methods that can be used to value the personal use of employerprovided noncommercial aircraft If the ...View the full answer

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Somshukla Chakraborty

I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal. I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).

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Authors: Shirley Dennis Escoffier, Karen Fortin

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Question Posted: Oct 26, 2017 03:26 AM

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McGuire Corporation is planning to acquire a corporate jet to increase the efficiency and security of its

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When corporations allow employees to use corporate aircraft for nonbusiness trips there are several methods that can be used to value the personal use of employerprovided noncommercial aircraft If the ...View the full answer

Taxation For Decision Makers 2017

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