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This is a taxation question Question 6 Alex was provided by the company with a new car from 1 July 2020 to 31 December 2020
This is a taxation question
Question 6
Alex was provided by the company with a new car from 1 July 2020 to 31 December 2020 i.e. 184 days. The cost of the car is $200,000 (inclusive of COE) and the PARF rebate is $52,000. The company incurred running expenses of $11,000 for the period. What is the value of the taxable car benefit for the year ended 31 December 2020?
Group of answer choices
a) $7,912
b) $11,057
c) $17,343
d) $9,035
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