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Ms. Singh has full use of an employer-owned Mustang GTS purchased for her use in mid-December of last year. It is now January. The original

image text in transcribed Ms. Singh has full use of an employer-owned Mustang GTS purchased for her use in mid-December of last year. It is now January. The original cost to the employer of this classic is $20,000, including HST. Other details of the car for the coming year are as follows: Capital cost allowance to be claimed by employer... .$4,792 Operating costs for the year paid by the employer, including HST and insurance ($600).... $3,500 Personal-use kilometres.. 12,000 Number of months available 12 Reimbursement to employer for personal use at 15 cents per kilometre $1,800 -REQUIRED Compute the taxable standby charge and operating cost benefits, if the business-use kilometres are: (a) 10,000 (b) 20,000 4

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