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Suppose Juliuss employer provided a 2018 vehicle with a fair market value of $28,500 for use and charged him for personal miles, and charged him
Suppose Juliuss employer provided a 2018 vehicle with a fair market value of $28,500 for use and charged him for personal miles, and charged him 5 cents per mile for gas used for personal miles. If Julius drive his company car 5,350 miles for personal reasons during 2018, what would the charge be for personal use of the company vehicle if he drove a total of 13,750 miles? (The lease value per Publication 15-b is $7,750 for 2018)
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