On January 1, 2023, Mr. Ray Holland leases an automobile to be used 100 percent of the time in his unincorporated business. The lease cost is $1040 per month. The manufacturer's suggested list price for the automobile is $119000. Mr. Holland makes no down payment and no refundable deposits. Determine his maximum deduction for lease payments for 2023. Ignore GST and PST considerations. [Note that the prescribed amount for "B" in the Anti Avoidance formula increased to $36,000 as of Jan 1, 2023.] Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response.