Question
Mr. Mark Farther is provided with a car that is leased by his employer. The monthly lease payments for 2022 are $520, including sales tax.
Mr. Mark Farther is provided with a car that is leased by his employer. The monthly lease payments for 2022 are $520, including sales tax. During 2022, he drives the automobile a total of 20500 kilometers, of which 9000 are employment related. The automobile is available to him throughout the year. His employer paid a total of $4900 in operating costs. When he is not using the automobile, company policy requires that it be returned to their premises. Calculate Mr. Farther's 2022 operating cost benefit for the use of this automobile.
Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response.
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