WEL provides Lauren with a vehicle that she uses to drive her clients on tours. The vehicle
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Question:
WEL provides Lauren with a vehicle that she uses to drive her clients on tours. The vehicle was used by Lauren throughout 2020, aside form the three months she was off work. WEL required her to return the car and keys. WEL pays all operating and maintenance costs, a total of $2,300 during the year. Details of the vehicle and kilometers driven are below. | |||||||
Total km drive | 27,000 | ||||||
Personal km driven | 8,200 | ||||||
Monthly lease cost | 640 | ||||||
Standby charge (reduced, if applicable) plus | |||||||
Operating cost benefit, which is the lesser of: | |||||||
1/2 of reduced standby charge: | |||||||
Or $0.28/km x personal km | |||||||
Other - Indicate in column G |
Related Book For
Elementary Statistics in Social Research Essentials
ISBN: 9780205638000
3rd edition
Authors: Jack A. Levin, James Alan Fox
Posted Date: