Question: Calculate bi - weekly Automobile taxable benefit for an employee in Alberta from the following information: ( 2 5 ) Company owned vehicle. Available for

Calculate bi

-

weekly Automobile taxable benefit for an employee in Alberta from the following information:

(25)

Company owned vehicle.

Available for

365

days.

Cost of the automobile including GST is $

25, 000 .

Total KM is

63, 000

and business KM is

45, 000 .

Employee has requested the employer in writing to use Optional method to calculate operating cost benefit. Employee will not reimburse for standby charge and operating cost. You can use ABOC.

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