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Dave had a vehicle valued at $28,000 provided to him by his employer from January...

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Finance

Dave had a vehicle valued at $28,000 provided to him by his employer from January 1st to December 31st of last year and the employer specified that the vehicle was required for business. Dave used the vehicle for a total of 330 days in the year. During that time, he drove $25,000 kilometers in total, out of which 12,000 kilometres were for his personal use. Dave wants to know the amount of a taxable benefit that he will be given by his employer for the use of the company vehicle last year

Question 22 options:

Standby charge: $0

Operating cost benefit: $0

Standby charge: $0

Operating cost benefit: $1,450

Standby charge: $1,450

Operating cost benefit: $0

Standby charge: $4,012

Operating cost benefit: 1,878

Standby charge: $4,031

Operating cost benefit: $2,016

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