60.1K
Verified Solution
Link Copied!
A taxpayer's employer provides a car to the employee for business trips and personal travel.
The taxpayer keeps a log book and travels 3,000 km for business use and 2,000 km for private use over the 3 months test period.
During the year the taxpayer traveled a total of 12,000 kms.
The operating costs reflected on the corporate credit card amounted to $15,000
The depreciation cost was $5,000.
What is the maximum deduction the taxpayer can claim?
Select one:
a. $9,000
b. $3,400
c. $0
d. $12,000
Answer & Explanation
Solved by verified expert