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What is the amount that must be added to malcolm gross pay

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Malcolm Figueroa is a sales employee of Carefree Pools and Spas, Inc. During 2017, he was issued a company car with a fair market value of $35,000. He drove a total of 22,000 miles, used the car for 3,200 miles for personal use, and his employer paid for fuel, charging Malcolm five cents per mile.

Required:

Problem 1: Under the lease value rule, what is the amount that must be added to Malcolm's gross pay for 2017?

Attachment:- Malcolm Figueroa.zip

Reference no: EM132795402

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