Chapter 4 Homework 19 8%253A%252F%252Flms.ols Sever 125 Doin Block Prin References Critical Thinking 4-1 (Algo) Malcolm Figueroa is a sales employee of Carefree Pools and Spas, Incorporated. In 2021, he was issued a company car with a fair market value of $35.000. He drove a total of 22.000 miles, used the car for 2.700 miles for personal use, and his employer paid for fuel, charging Malcolm 5.5 cents per mile Required: Under the lease-value rule, what is the amount that must be added to Malcolm's gross pay for 2021 (Use the following table for lea values) (Round "Employer Charge Per Mile" to 3 decimal places. Round other intermediate calculations and final answers to 2 decimal place.) Carefree Pods and Spas, Incorporated Worksheet to Calculate Personal Use of Company Vehicle Lease Value Rule) Employee Name Malcolm Figueroa Annual Lease Method 1. Fair Market Value of Vehicle 2. Annual Lease Value 3. Prorated Annual Lease Percentage 3. Prorated Annual Lease Percentage: 4 Prorated Annual Lease Value 4. Prorated Annual Lease Value: 5. If fast is provided by the employer, enter personal milles 5 Total fuel charge for the personal miles driven 6 Total Personal Use Taxable income 35.000 00 nual Lease Value Prorated Arual Lease Percentage % Personal Mius Employer Charge Per Me