Business, 30.11.2019 05:31, donnafranks2003

Brent bishop is the vice president of operations for southern sweets bakery. he drives a 2017 toyota prius prime as his company car, and it has a fair market value of $37,500. the annual lease for the vehicle is $9,750. he reported driving 34,750 miles during 2018, of which 20 percent were for personal reasons. the company pays his fuel and charges him five cents per mile for fuel charges. required:
using the lease value rule, what is the valuation of brent’s company car benefit?

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Brent bishop is the vice president of operations for southern sweets bakery. he drives a 2017 toyota...