Question: ASSIGNMENT 2 QUESTION 1 On March 1, 2020, Flight Inc. provided Steve Wilson with a company-owned automobile. The cost of the automobile acquired in 2020

ASSIGNMENT 2 QUESTION 1 On March 1, 2020, Flight Inc. provided Steve Wilson with a company-owned automobile. The cost of the automobile acquired in 2020 was $57,000 including provincial sales tax and GST. The undepreciated capital cost of the automobile as at March 1, 2022 was $20,400. The automobile was used by Steve to carry out his employment duties in the current year. Flight Inc. paid for all automobile operating expenses of the automobile between January 1 and December 31st of the year. The total amount of the operating costs were $4,000 including $150 of provincial sales tax. Steve did not make any reimbursement in respect to the operating costs but did reimburse the company $250 per month for the personal use of the automobile for the year. The automobile was driven as follows for the period January 1 to December 31st. Employee duties 15,000 Personal use 10,000 REQUIRED: A) Calculate the total amount of automobile benefit with respect to the use of the company's automobile that Steve must include in his 2022 employment income. Assume that todays date is Feb. 15th of the following year. Show all calculations including any alternatives to a particular calculation explaining why the alternative may or may not apply. B) As an independent situation from Part A (i.e. ignore part a), assume that Steve is an non-commission salesman who is required to travel under his contr

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