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The cost of the purchase of a used automobile is $ 2 0 , 0 0 0 including HST . If the automobile is leased,

The cost of the purchase of a used automobile is $20,000 including HST. If the automobile is leased, the monthly lease payment is $500 including HST. The automobile is driven for a total of 26,000 km in 2023 and the operating expenses for the year are $4,000.
Assume the automobile is purchased. It was used by an employee for the whole year. The employee drives it for personal purposes for a total of 9,000 kms. The minimum taxable benefit is:
Question 31 options:
$4,800.
$1,150.
$2,160.
$3,240.

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