Claire Razon works
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
1
Transcribed Image Text:Claire Razon works for Lebrun Ind. in Nunavut and has a company - leased automobile for her use
during the year. Given the following information, calculate her annual taxable benefit. Claire has
asked the company to use the optional method of calculating her operating cost benefit. Monthly
cost of the automobile $429.40 GST 5% $21.47 Days available 365 days Business kilometers
driven 15,064 Personal kilometers driven 18,646 Employee reimbursement $0.00
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