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.)
A) Multiply the lease amount by the percent of personal usage of the vehicle.
B) Use the annual lease value amount for the vehicle from Publication 15b.
C) Subtract the dollar amount of the fuel used.
D) Multiply the lease amount by the percent of business usage of the vehicle.
Correct Answer:
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