Rowan M. is a sales employee of Carefree Pools and Spas, Incorporated. In 2022, he was issued a company car with a fair market value of $35,000 and drove a total of 22,000 miles; used the car for 2,900 miles for personal use; and the employer paid for fuel, charging Rowan 5.5 cents per mile. Required: Under the lease-value rule, what is the amount that must be added to Rowan's gross pay for 2022? (Use the following table for lease values.) Note: Round "Employer Charge Per Mile" to 3 decimal places. Round other intermediate calculations and final answers to 2 decimal place. Employee Name: Rowan M. Annual Lease Method: 1. Fair Market Value of Vehicle 2. Annual Lease Value: 3. Prorated Annual Lease Percentage 3. Prorated Annual Lease Percentage 4. Prorated Annual Lease Value 4. Prorated Annual Lease Value 5. If fuel is provided by the employer, enter personal miles 5. Total fuel charge for the personal miles driven. 6. Total Personal Use Taxable Income: Carefree Pools and Spas, Incorporated Worksheet to Calculate Personal Use of Company Vehicle (Lease-Value Rule) Annual Lease Value Personal Miles Prorated Annual Lease Percentage Employer Charge Per Mile % - = = E = % $ $ %

Rowan M. is a sales employee of Carefree Pools and Spas, Incorporated in 2022, he was issued a company car with a fait market value of $35,000 and drove a total of 22,000 miles, used the car for 2,900 miles for personal use, and the employer paid for fuel, charging Rowap 55 cents per mile Required: Under the lease-value rule, what is the amount that must be added to Rowan's gross pay for 2022 ? (Use the following table for leuse yalues) Note: Round "Employer Charge Per Mile" to 3 decimal places. Round other intermediate calculations and final onswers to 2 decimal place. Rowan M. is a sales employee of Carefree Pools and Spas, Incorporated in 2022, he was issued a company car with a fait market value of $35,000 and drove a total of 22,000 miles, used the car for 2,900 miles for personal use, and the employer paid for fuel, charging Rowap 55 cents per mile Required: Under the lease-value rule, what is the amount that must be added to Rowan's gross pay for 2022 ? (Use the following table for leuse yalues) Note: Round "Employer Charge Per Mile" to 3 decimal places. Round other intermediate calculations and final onswers to 2 decimal place