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Nick is given a company car from his employer. Details of the Vehicle and Nicks kilometers are provided below: Nick's Employer Leases the vehicle at

Nick is given a company car from his employer. Details of the Vehicle and Nicks kilometers are provided below:
Nick's Employer Leases the vehicle at a monthly cost before sales tax of:225
Monthly sales tax on the lease is incurred of:25
It is given to Nick for use over the period of May 1st to December 31'st
Nicks personal kilometers for the year:12,000
Nicks total kilometers for the year:30,000
The company does not pay for Nick's auto expenses
The minimum taxable benefit is to Nick for the year is:

$2,000

$1,333

$1,200

$1,104


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Option C 1200 Explanation Monthly lease cost before sales tax 225 Add Monthl... blur-text-image

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