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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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