Per-kilometre allowances made by an employer to an employee for the use of their automobile...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Perkilometre allowances made by an employer to an employee for the use of their automobile for employment purposes can always be deducted by the employer, in full, in the determination of business income.
Question content area bottom
Part
A
False ITR together with ITAr limits the amount that can be deducted by the employer in to $ for the first comma kilometres and $ for amounts in excess of comma kilometres.
B
False ITR together with ITAr limits the amount that can be deducted by the employer in to $ for the first comma kilometres and $ for amounts in excess of comma kilometres.
C
True all automobile use for employment purposes can be deducted for the determination of business income.
D
False ITR together with ITAr limits the amount that can be deducted by the employer in to $ for the first comma kilometres and $ for amounts in excess of comma kilometres.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
