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Calculate the standby charge applicable to raji

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Reference no: EM132815977

Bold Corporation makes an automobile available for the exclusive use of Raji who has been employed at the firm for three years. The automobile cost $33,000 (including GST) and was available to Raji throughout the entire year. The vehicle is required for business purposes. Maintenance costs on the vehicle were $4,600 while the total kilometres travelled that same year were 18,000. Raji's records showed that he drove total personal kilometres of 9,800. Given these circumstances, calculate the standby charge applicable to Raji.

Reference no: EM132815977

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