Solution-Calculate francine annual automobile taxable

Calculate francine annual automobile taxable benefit

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Reference no: EM133096443

Question - Francine Lafleur works for Frontier Corporation in Alberta and is provided with a company-owned automobile. The automobile was in Francine's possession for 365 days. Of the 52,184 kilometres driven, 27,660 kilometres were for business purposes. The purchase price of the vehicle was $30,920.00, excluding the GST calculated at 5%.

Francine requested in writing that Frontier Corporation use the optional operating cost method if all the conditions apply. She did not reimburse the company for any of the expenses associated with the automobile.

Required - Calculate Francine's annual automobile taxable benefit.

Reference no: EM133096443

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Calculate francine annual automobile taxable benefit

Reference no: EM133096443

Reference no: EM133096443

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