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Question 1 I Peterman Inc. provides an automobile to Ms. Winters for her to use in carrying out her employment duties. I Ms. Winters is
Question 1 I Peterman Inc. provides an automobile to Ms. Winters for her to use in carrying out her employment duties. I Ms. Winters is given full possession of the car and is allowed to use it for personal needs. However, when she is not using it for employment or personal activities, it must be returned to Peterman's premises so that it can be used by other employees. I The automobile was purchased in 2016 for $42,000 and, during the years 2016, 2017, and 2018 the Company has deducted maximum CCA.| I During 2018, Ms. Winters drove the car 52,000 kilometers, with the Company paying for all of the operating costs. These costs totaled $11,350 during the year. Required: Ignore all GSTIPSTIHST implications. Indicate the minimum taxable benet that would be allocated to Ms. Ms. Winters in each ofthe following Cases: a] lCase A Ms. Winters has use of the car for 11 months of the year. Personal use during the year totals 8,000 kilometers. b] Case B Ms. Winters has use of the car for 9 months ofthe year. Personal use during the year totals 15,000 kilometers. c] Case C Ms. Winters has use of the car for 7 months of the year. Employment use during the year totals 9,000 kilometers. For Each (ELECJ calculate: Standby Charge, Operating Cost-Benet and Total Benefit
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