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o Providing an allowance of 70 cents per work kilometer driven or instead paying a...

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Accounting

o Providing an allowance of 70 cents per work kilometer driven or instead paying a flat rate car allowance of $3,500 per employee. Since most employees travel around 5,000 km per year to customers, RMI is indifferent to either option. The average employee has automobile expenses of $2,500 per year. Which option is better for employees from a tax perspective?

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