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can someone expla to me please Where Necessary Adjust for Current Year rates. 1. The capital cost of an employer-owned vehicle includes: A. the cost
can someone expla to me please
Where Necessary Adjust for Current Year rates. 1. The capital cost of an employer-owned vehicle includes: A. the cost of the vehicle, sales tax, customized heavy-duty suspension and power winches to meet requirement of employment uses B. the cost of the vehicle, vehicle options, accessories, sales tax and additions that add to depreciation value C, the cost of the vehicle excluding sales tax D. the cost of the vehicle, vehicle options, specialized equipment to meet requirements of employment 2. The annual automobile taxable benefit is comprised of: A. automobile allowance less employee expense reimbursements B. standby charge plus operating cost benefit less employee reimbursements C. standby charge plus automobile allowance less operating cost benefit D. Standby charge plus operating cost benefit less automobile allowance 3. Kyle Rivera used a company-owned automobile more than 50% for business in 2018 She has a standby charge of $2.288.00 that will be included in her taxable income. Using the optional method, what is the operating cost benefit? 4. Azza Salib was provided with a company-owned sutomobile on May 15 and had full access and control of the vehicle until December 31 of the same year. Calculate the availability period of the automobile to Azza 5. Gurwinder drove 5.632 personal kilometers in 202X. What is the operating cost benefit? 8. Maybelle's 202x total automobile taxable benefit was 55.482.00. This amount included her stand by charges of $3,882.00 and operating cost benefit of $1,800.00. Based on these numbers, calculate Maybelle's 202X estimated semi-monthly automobile non-cash taxable benefit Step by Step Solution
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