Ms. Sarah Wexler is provided with a car by her employer. It is leased by the employer for $728 per month, including $78 of HST. The lease payment also includes a payment of $50 per month to cover insuring the vehicle. During 2020, Ms. Wexler uses the car for 10 months. During the other 2 months, the employer requires that it be returned to their premises. She drives the car 76,000 kilometers during this period, of which 23,000 are for personal use. Calculate Ms. Wexler's minimum taxable benefit for the use of the automobile.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q69: John secured employment as a commissioned salesman
Q70: Ms. Robin Nestor is provided with an
Q71: The questions below are based on the
Q72: Connely Ltd. has an August 31 year
Q73: Which of the following criteria is NOT
Q75: Ms. Jessica Tremblay is a member of
Q76: Roger is employed by an Internet based
Q77: Gail works for a Canadian public corporation.
Q78: Mr. Robert Rhodes is provided with an
Q79: The questions below are based on the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents