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please answer asap thank you Ms. High is an employee that is provided with an automobile that her employer bought at a cost of $59,000
please answer asap thank you
Ms. High is an employee that is provided with an automobile that her employer bought at a cost of $59,000 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 60,000kms during the year, all but 24,000kms were employment related (fully documented). Ms. High reimbursed her employer $2,400 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? Which of the following answers corresponds to the automobile taxable benefit to be included in Ms. High's Net Employment Income for the year? 1 $18,480 2 $33,163 3) ($2,400) None of the choices shown. 5 $0 6 $26,160 $21,309 8 $20,880 Step by Step Solution
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