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The following facts relate to an employer provided automobile Original cost of automobile, including HST $40,000 Personal use kilometers driven by employee during the
The following facts relate to an employer provided automobile Original cost of automobile, including HST $40,000 Personal use kilometers driven by employee during the year 2,000 km Total kilometers driven by employee during the year Number of months automobile was used by employee 30.000 km 12 Required: 1. What is the minimum taxable automobile employment benefit? (show your calculations)
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