An employee uses her employer's auto 75 percent for business use and 25 percent for personal use.

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An employee uses her employer's auto 75 percent for business use and 25 percent for personal use. The personal use is taxed to her as income. What percentage of the auto can the employer consider used for business and depreciate? Will your answer change if the employee's business use decreases to only 35 percent?
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Taxation For Decision Makers 2014

ISBN: 9781118654545

6th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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