In 2023, Ms. Gesner's employer provides her with an automobile for 11 months of the year. The automobile cost $57,560, which included HST. She drives it a total of 61,600 kilometres, 16,400 of which are for personal purposes and 45,200 for employment purposes. The employer pays all maintenance expenses, which in 2023 total $8,950 for the year. What is the minimum taxable benefit for the use of the automobile for 2023? (Round your answer to the nearest whole dollar.) O A. $17,153 O B. $17,767 O C. $16,738 O D. $18,075

In 2023, Ms. Gesner's employer provides her with an automobile for 11 months of the year. The automobile cost $57,560, which included HST. She drives it a total of 61,600 kilometres, 16,400 of which are for personal purposes and 45,200 for employment purposes. The employer pays all maintenance expenses, which in 2023 total $8,950 for the year. What is the minimum taxable benefit for the use of the automobile for 2023? (Round your answer to the nearest whole dollar.) O A. $17,153 O B. $17,767 O C. $16,738 O D. $18,075

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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