Nick is given a company car from his employer. Details of the Vehicle and Nicks kilometers are provided below:
Nick's Employer Leases the vehicle at a monthly cost before sales tax of:								225
Monthly sales tax on the lease is incurred of:								25
It is given to Nick for use over the period of May 1st to December 31'st
Nicks personal kilometers for the year:								12,000
Nicks total kilometers for the year:								30,000
The company does not pay for Nick's auto expenses
The minimum taxable benefit is to Nick for the year is:

		$2,000
		$1,333
		$1,200
		$1,104

Answer rating: 100% (QA)

Option C 1200 Explanation Monthly lease cost before sales tax 225 Add Monthl... View the full answer