Ms. High is an employee that is provided with an automobile that her employer bought at a cost of $125,000 including all taxes.The total operating costs of the car were $0.60/km for the year and they were all paid by the employer.The car was available to Ms. High the entire year.Ms.High drove the car a total of 40,000kms during the year, all but 12,000kms were employment related (fully documented).Ms.High reimbursed her employer $1,200 for her personal use of the automobile for the year.

Which of the following answers corresponds to the automobile taxable benefit to be included in Ms. High's Net Employment Income for the year?

if none of the above is the selected answer, show explaination/calculation to support answer

14800

28000

2600

none of the choices shown (show explaination/calculation to support answer)

19,996

17800

14400

16800