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The questions below are based on the following information: The cost of the car is $20.000 including EST. If the car is leased, the monthly

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The questions below are based on the following information: The cost of the car is $20.000 including EST. If the car is leased, the monthly tease payment is $500 including HST. The car is driven for a total of 26,000 km during 2020 and its operating costs for the year are $4,000 41) Assume the car is purchased. It was used by an employee for the whole year. He drives it for 41) personal purposes for a total of 9,000 km. The minimum taxable benefit is: A) $1,150 B) $1,550 C) $1,800 D) $1,964 E) $2,160 F) $2,250 G) $2,455 $3,240 D) $3,300 K) $3,959 L) $4,752 M) $4,800 42) Assume the car is leased. It is used by the employee for 11 months of the year. In the other month. he was required to return the car to his employer's premises. He drives it for personal purposes for a total of 6,000 km. The minimum taxable benefit is B) $1,650 C) $1,800 D) $1,964 F) $2,250 G) $2,455 H) $3,240 K) $3.959 L) 54,752 M) $4,800 A) $1,150. E) $2,160 +) $3,300

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