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in 2020, frank's employer provided him with an employer owned automobile costing $50,850 ( net of HST of $45,000) for 10 months. his kilometres for
in 2020, frank's employer provided him with an employer owned automobile costing $50,850
( net of HST of $45,000) for 10 months. his kilometres for personal use were 9000 out of a total 20,000 kilometres. operating cost paid by his employer during 2020 were $5,085 ( including HST of $585).
which of the following statement is true for 2020
a) frank's minimum standby charge is $3,239
b) frank's minimum standby charge is $5,491
c) frank's minimum standby charge is $4,859
d) frank's minimum operating cost benefit is $2746
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