Marie works for an Alberta corporation, is paid weekly, and is provided with a company-leased automobile. Given the following details, calculate Marie's total estimatedautomobile taxable benefit for 2022. Marie took possession of the automobile on her date of hire, June 9, 2022 and has asked that the company use the optional method of calculating her operating cost taxable benefit, and also to use the reduced standby benefit, if either will reduce her benefit amount. The per km rate for 2022 is $0.29.
(present the regular and reduced/optional standby and operating benefits, as well as the total benefit amount: each item is worth 2 marks)
Monthly lease cost of the automobile: $640
GST (5%): $32.00
# 30 day periods available (whole number)7
Total kilometers driven: 34,530
Personal kilometers driven: 14,200
Employee reimbursement: $ 0.00
1. Standby Benefit:
2. Reduced Standby Benefit:
3. Operating Benefit:
