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Exercise Three - 8 Subject: Deductible Automobile Costs Ms. Lauren Giacomo is required by her employer to use her own automobile in her work. To

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Exercise Three - 8 Subject: Deductible Automobile Costs Ms. Lauren Giacomo is required by her employer to use her own automobile in her work. To compensate her, she is paid an annual allowance of $3,600. During the current year, she drove her automobile a total of 24,000 kilometers, of which 6,500 kilometers were employment related. Her total automobile costs for the year, including lease costs, are $7,150. What amounts should Ms. Giacomo include and deduct in determining net employment income for the current year

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