Chapter $3$

Employment Income $-$ Allowances, Expenses and Benefits

$16.$ Gwen Reynolds works as a salesperson for Empire Stationary in Nova Scotia and is provided with a company$-$owned automobile. Given the following details, calculate Gwen's annual automobile taxable benefit $($stand$-$by charge $+$ operating benefit$).$ Gwen took possession of the automobile on her date of hire, September $1,$ of the current year and has asked that the company use the optional method of calculating her operating cost benefit.

$\backslash$table$[[$Purchase price of the automobile,$$29,500\mathrm{.}00$