Automobile owned by employer 1 Includes insurance of $600, but excludes parking REQUIRED Compute the standby charge and operating benefit for the use of the automobile Original cost of automobile including HST Operating cost for the year paid by employer, including HST Employment use kilometres Tot...

Standby charge we cannot reduce the standby charge since the vehicle i ...

Automobile owned by employer 1 Includes insurance of $600, but excludes parking. REQUIRED Compute the standby charge

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Automobile owned by employer
¹Includes insurance of $600, but excludes parking.

REQUIRED
Compute the standby charge and operating benefit for the use of the automobile.

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Introduction To Federal Income Taxation In Canada 2016-2017

ISBN: 9781554968725

37th Edition

Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett

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Question Posted: Jul 31, 2023 09:15 AM

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Automobile owned by employer 1 Includes insurance of $600, but excludes parking. REQUIRED Compute the standby charge

Question:

Original cost of automobile including HST Operating cost for the year paid by employer, including HST Employment-use kilometres Total kilometres driven for the year Number of months available Reimbursement to employer for personal use at 10¢ per kilometre $26,000 $ 3,000¹ 10,000 30,000 12 $ 2,000

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Introduction To Federal Income Taxation In Canada 2016-2017

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