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The following facts relate to an employer provided automobile. Original cost of automobile, including HST $40,000 Replacement value of car at time of providing it

The following facts relate to an employer provided automobile.

Original cost of automobile, including HST

$40,000

Replacement value of car at time of providing it to employee

$30,000

CCA claimed by employer

$3,000

Personal use kilometers driven by employee during the year

2,000 km

Total kilometers driven by employee during the year

30,000 km

Number of months automobile was used by employee

12

Which one of the following amounts represents the employee's minimum standby charge in

2022?

Question content area bottom

Part 1

A.

$720

B.

$960

C.

$640

D.$ 9600

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