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