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Mr. Mark Farther is provided with a car that is leased by his employer. The monthly lease payments for 2019 are $600, including sales tax.
Mr. Mark Farther is provided with a car that is leased by his employer. The monthly lease payments for 2019 are $600, including sales tax. During 2019, he drives the automobile a total of 23500 kilometers, of which 7500 are employment related. The automobile is available to him throughout the year. His employer paid a total of $6100 in operating costs. When he is not using the automobile, company policy requires that it be returned to their premises. Calculate Mr. Farther's 2019 standby charge for the use of this automobile.
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