The following facts relate to an employer provided automobile.

Original cost of automobile, including HST	$40,000
Replacement value of car at time of providing it to employee	$30,000
CCA claimed by employer	$3,000
Personal use kilometers driven by employee during the year	2,000 km
Total kilometers driven by employee during the year	30,000 km
Number of months automobile was used by employee	12

Calculate  the employee's minimum standby charge in 2022

Answer rating: 100% (QA)

The standby charge is calculated as follows Step 1 Determine the automobiles standby value The stand... View the full answer