Question
This Year: Bob, an employee was provided by his employer the following company automobile for 12 months: Employer paid $10,000 for the automobile Bob, drove
This Year:
Bob, an employee was provided by his employer the following company automobile for 12 months:
Employer paid $10,000 for the automobile
Bob, drove 10,000KM in total. 80% of the KM was for personal use. and 20% of the Auto KM driven this year, was for employment use.
Hint: Please apply 28 cents per KM. for personal use KM.
Please choose the most accurate answer?
| Bob's Total Auto Standby Benefit ONLY, (do not include Operating Benefit), this year is, $1,000 and he does not qualify for the auto standby benefit reduction | ||
| Bob's Total Auto Standby Benefit ONLY, (do not include Operating Benefit), this year is, $4,640 and he does not qualify for the auto standby benefit reduction | ||
| Bob's Total Auto Standby Benefit ONLY, (do not include Operating Benefit), this year is, $2,400 and he does not qualify for the auto standby benefit reduction | ||
| Bob's Total Auto Standby Benefit ONLY, (do not include Operating Benefit), this year is, $2,400 and he does qualify for the auto standby benefit reduction |
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Vector Mechanics for Engineers Statics and Dynamics
Authors: Ferdinand Beer, E. Russell Johnston Jr., David Mazurek, Phillip Cornwell, Brian Self
11th edition
73398241, 978-0073398242
