Question: The correct answer is $2,816.00. The prescribed formula for calculating the standby charge for a company-leased automobile is two-thirds of the monthly lease cost of

The correct answer is $2,816.00. The prescribed formula for calculating the standby charge for a company-leased automobile is two-thirds of the monthly lease cost of the automobile plus sales taxes times availability. Two-thirds multiplied by $352.00, which includes all applicable sales taxes, multiplied by 12 equals $2,816.00

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