Ms. Taylor Milden is provided with an automobile by her employer. The employer acquired the automobile in 2018 for $25000, including sales tax. During 2019, Ms. Milden drives the automobile for a total for 23500 kilometers, 9000 of which were related to employment duties. The automobile is available to Ms. Milden throughout the year. What is Ms. Milden's 2019 operating cost benefit for the use of this automobile? Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. Your Answer:

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter6: Deductions And Losses: In General
Section: Chapter Questions
Problem 26CE
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Ms. Taylor Milden is provided with an automobile by her employer. The employer
acquired the automobile in 2018 for $25000, including sales tax. During 2019, Ms.
Milden drives the automobile for a total for 23500 kilometers, 9000 of which were
related to employment duties. The automobile is available to Ms. Milden throughout
the year. What is Ms. Milden's 2019 operating cost benefit for the use of this
automobile?
Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your
response.
Your Answer:
Answer
Transcribed Image Text:Ms. Taylor Milden is provided with an automobile by her employer. The employer acquired the automobile in 2018 for $25000, including sales tax. During 2019, Ms. Milden drives the automobile for a total for 23500 kilometers, 9000 of which were related to employment duties. The automobile is available to Ms. Milden throughout the year. What is Ms. Milden's 2019 operating cost benefit for the use of this automobile? Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. Your Answer: Answer
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