Question
Prince Packaging, in Ontario, Lease automobiles for their senior management team. Diana Wilson joined the company July1 of the current year and was assigned a
Prince Packaging, in Ontario, Lease automobiles for their senior management team. Diana Wilson joined the company July1 of the current year
and was assigned a car for her exclusive use for the balance of the year (184 days). At the end of year, Diana submitted her automobile usage as follows:
Business Kilometers driven 35,000
Personal Kilometers driven +9,000
Total kilometers driven 44,000
Prince Packaging paid monthly auto lease of $350, plus $45.50 HST for Diana's car.
Please calculate related auto benefits for Diana (please show me the break-down steps of calculation).
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