An employer provides a car costing $25000 t an employee. The car is...
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Accounting
An employer provides a car costing $ t an employee. The car is to be used for business travel and for personal use throughout the year. During the year the employer expends $ for operating costs relating to insurance, gas, maintenance and repair. During the year, the employee drives the car km of which km for personal use and km is for business use. Compute the taxable benefit for the year.
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