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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 year

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 30,000 km

Number of months automobile was used by employee 12

Required:

What is the minimum taxable automobile employment benefit? (show your calculations)

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