Alex was provided by the company (in Singapore) with a new car from 1 July 20XX to 31 December 20XX i.e. 184 days. The cost of the car is $200,000 (inclusive of COE) and the PARF rebate is $52,000. The company incurred running expenses of $11,000 for the period. What is the value of the taxable car benefit for the year ended 31 December 20XX? There are 365 days in year 20XX.

Group of answer choices

A) $7,912

B) $11,057

C) $17,343

D) $9,035