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1. Marie works for an Alberta corporation, is paid weekly, and is provided with a company- leased automobile. Given the following details, calculate Marie's total

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1. Marie works for an Alberta corporation, is paid weekly, and is provided with a company- leased automobile. Given the following details, calculate Marie's total estimated automobile taxable benefit for 2021. Marie took possession of the automobile on her date of hire, April 4, 2021 and has asked that the company use the optional method of calculating her operating cost taxable benefit, and also to use the reduced standby benefit, if either will reduce her benefit amount. The per km rate for 2021 is $0.27. (present the regular and reduced/optional standby and operating benefits, as well as the total benefit amount: each item is worth 2 marks) Monthly lease cost of the automobile: $530 GST on lease (5%): $26.50 # 30 day periods available (whole number) 9 Total kilometers driven: 28,530 Personal kilometers driven: 13,800 Employee reimbursement: $ 0.00 1. Standby Benefit: I 2. Reduced Standby Benefit: 3. Operating Benefit: 4. Optional (reduced) Operating Benefit: 5. Total Automobile Benefit: 1. Marie works for an Alberta corporation, is paid weekly, and is provided with a company- leased automobile. Given the following details, calculate Marie's total estimated automobile taxable benefit for 2021. Marie took possession of the automobile on her date of hire, April 4, 2021 and has asked that the company use the optional method of calculating her operating cost taxable benefit, and also to use the reduced standby benefit, if either will reduce her benefit amount. The per km rate for 2021 is $0.27. (present the regular and reduced/optional standby and operating benefits, as well as the total benefit amount: each item is worth 2 marks) Monthly lease cost of the automobile: $530 GST on lease (5%): $26.50 # 30 day periods available (whole number) 9 Total kilometers driven: 28,530 Personal kilometers driven: 13,800 Employee reimbursement: $ 0.00 1. Standby Benefit: I 2. Reduced Standby Benefit: 3. Operating Benefit: 4. Optional (reduced) Operating Benefit: 5. Total Automobile Benefit

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