free tax advice. Mutt drives a car owned by his employer. Cost of car including HST $38,772. Operating costs paid by employer in 2014 $4,250. Km Personal10,000 Employment8,000 Amount repaid to company for 2014 was .14 per personal km. Jeff drives a car leased by his employer, for employment purposes Lease costs( including $1650 for insurance) $12,450 Operating costs paid by employer $2,975 Km: Employment23,000 Personal9,000 Amount repaid to company for 2014 was .09 per personal km. Calculate the minimum taxable benefit for 2014 for each of your friends.

Answer rating: 100% (QA)

Mutt 425001430357 km Jeff 297500933055 km EXPLANATION Mutt has a taxable ... View the full answer