Mr. David Platt is required by his employer to use his own automobile in the...
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Accounting
Mr. David Platt is required by his employer to use his own automobile in the course of his employment. To compensate him, he is paid an annual allowance of 4,274. During 2020, he drove his automobile a total of 24,280 kilometers, of which 7,472 kilometers were employment related. His total automobile costs for the year, including lease costs, are $5,858. Calculate the effect on Mr. Platt's employment income in 2020 related to the use of his automobile?
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