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Simone Massy works for Canada Couriers in Nunavut and is provided with a company-leased automobile. The automobile was in Simone's possession for 365 days. Of

Simone Massy works for Canada Couriers in Nunavut and is provided with a company-leased automobile. The automobile was in Simone's possession for
365 days. Of the 34,134 kilometres driven, 15,805 kilometres were for business purposes. The monthly lease cost of the vehicle was $198.60, excluding the
GST calculated at 5%.
Simone requested in writing that Canada Couriers use the optional operating cost method if all the conditions apply. She did not reimburse the company
for any of the expenses associated with the automobile.
Calculate Simone's annual automobile taxable benefit.
image text in transcribed
Simone Massy works for Canada Couriers in Nunavut and is provided with a company-leased automobile. The automobile was in Simone's possession for 365 days of the 34,134 kilometres driven 15,805 kilometres were for business purposes. The monthly lease cost of the vehicle was $198.60, excluding the GST calculated at 5% Simone requested in writing that Canada Couriers use the optional operating cost method if all the conditions apply. She did not reimburse the company for any of the expenses associated with the automobile. Calculate Simone's annual automobile taxable benefit Your

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