Ms. Rhonda Jewel's employer provides her with an annual allowance of $6,500 per year to compensate her for the fact that she uses her own automobile for employment related activities. During 2020, she has total automobile related costs, including her monthly lease payments of $12,472. Her total milage is 42,000 kilometers, of which 18,000 kilometers were employment related. What amounts will Ms. Jewel include and deduct from her 2020 employment income related to the use of her own automobile?

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The Answer of Ms. Rhonda Jewel's employer provides her with an annual allowance of $6,500 per year to compensate her for the fact that she uses her own automobile for employment related activities. During 2020, she has total automobile related costs, including her monthly lease payments of $12,472. Her total milage is 42,000 kilometers, of which 18,000 kilometers were employment related. What amounts will Ms. Jewel include and deduct from her 2020 employment income related to the use of her own automobile?

Ms Rhonda Jewel's Employer Provides Her with an Annual Allowance