18. ABC Ltd. provided Julienne with a motor vehicle for the entire year, and the company also paid for all operating costs for the vehicle, with $ 5,450 paid for operating costs in the current year. The vehicle was purchased by ABC Ltd. three years ago at a cost of $ 48,000 (incl. GST). In the current year, Julienne drove 23,000 kilometers; 9,000 kilometers were personal, and 14,000 were for employment purposes.

What is standby charge under section ITA S.6 (2) or 6(1) (e):

Question 8 options:

A. $48000*2%*12 = 11520

B. $48000*2%*12* (9000/23000) =4,507.83

C. $48000*2%* 12 * (9000/ (1667*12) = 5182.96

D. $48000*2% = 960