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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 $470, including sales tax.
Mr. Mark Farther is provided with a car that is leased by his employer. The monthly lease payments for 2019 are $470, including sales tax. During 2019, he drives the automobile a total of 25500 kilometers, of which 6000 are employment related. The automobile is available to him throughout the year. His employer paid a total of $7700 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 operating cost benefit for the use of this automobile.
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