15 Feb Calculate the 2023 automobile benefit based on the following: Ontario Employer Owned Vehicle cost 39,500 plus HST Total km for the year 36,000 Total km for business 29,500 The vehi
Calculate the 2023 automobile benefit based on the following:
Ontario Employer Owned Vehicle cost 39,500 plus HST
Total km for the year 36,000
Total km for business 29,500
The vehicle is available to the employee 365 days of the year.
The employee does not reimburse the company or a third party for any expenses.
What would be the Automobile benefit per pay if an employee was paid:
1. Weekly?
2. Semi-monthly?
Show calculations.
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