Nick is given a company car from his employer. Details of the Vehicle and Nicks kilometers...
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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 . $450 Monthly sales tax on the lease is incurred of:. It is given to Nick for use over the period of February 1st to December 31st Nicks personal kilometers for the year . Nicks total kilometers for the year. $35 .9,000 ..20,000 The company does not pay for Nick's auto expenses The minimum taxable benefit is to Nick for the year is: A $1,746 B) $5,335 $828 D $3,557 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 . $450 Monthly sales tax on the lease is incurred of:. It is given to Nick for use over the period of February 1st to December 31st Nicks personal kilometers for the year . Nicks total kilometers for the year. $35 .9,000 ..20,000 The company does not pay for Nick's auto expenses The minimum taxable benefit is to Nick for the year is: A $1,746 B) $5,335 $828 D $3,557
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Lessor of amount paid by employees or exempted value ie 450... View the full answer
Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
Posted Date:
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