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Under the lease-value rule, how is the taxable income for the employee determined? (You may select more than one answer. Single click the box with
Under the lease-value rule, how is the taxable income for the employee determined? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) check all that apply
- Multiply the lease amount by the percent of personal usage of the vehicle.
- Subtract the dollar amount of the fuel used.
- Multiply the lease amount by the percent of business usage of the vehicle.
- Use the annual lease value amount for the vehicle from Publication 15b.
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