Question: In 2 0 2 4 2 0 2 4 , Ms . GauthierGauthier ' s employer provides her with an automobile for 1 1 1

In
20242024,
Ms.
GauthierGauthier's
employer provides her with an automobile for
1111
months of the year. The automobile cost
$ 58 comma 360$58,360,
which included HST. She drives a total of
61 comma 60061,600
kilometres,
15 comma 80015,800
of which are for personal purposes and
45 comma 80045,800
for employment purposes. The employer pays all maintenance expenses, which in
20242024
total
$ 8 comma 950$8,950.
What is the minimum taxable benefit for the use of the automobile for
20242024?
Question content area bottom
Part 1
Choose the correct answer. (Round your answer to the nearest whole dollar.)
A.$ 16 comma 753
$ 16 comma 753$16,753
B.$ 16 comma 595
$ 16 comma 595$16,595
C.$ 16 comma 277
$ 16 comma 277$16,277
D.$ 17 comma 314
$ 17 comma 314

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!