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An employee, Stephanie, uses a car owned by your company. In 2021, Stephanie drives 35,000...

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Accounting

  1. An employee, Stephanie, uses a car owned by your company. In 2021, Stephanie drives 35,000 miles. Of those, 7,000 are personal miles.

Fair market value of the car is $20,000

Annual lease value is $5,600

What is the fair market value of Stephanie's personal use?

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