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Alec is an employee who drives a 2021 Ford C-Max with a fairmarket value of $32,000. The lease value is $8,750, according to Publication 15-b.
Alec is an employee who drives a 2021 Ford C-Max with a fairmarket value of $32,000. The lease value is $8,750, according to Publication 15-b. Alec drove 30,258 miles, 7,552 of it was for personal use. All gasoline was provided by the employer and the amount for personal use was charged back to Alec at $0.055 per mile. What is the percentage of personal use by Alec? (Do not round intermediate calculations, only round final answer to two decimal points.) Multiple Choice 76.66% 4110% 24.96% Multiple Choice 76.66% 41.10% 24.96\% 58.90%
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