Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. mr. david platt is required by his employer to use

Mr. David Platt is required by his employer to use his own automobile in the...

70.2K

Verified Solution

Question

Accounting

Mr. David Platt is required by his employer to use his own automobile in the course of his employment. To compensate him, he is paid an annual allowance of 4,274. During 2020, he drove his automobile a total of 24,280 kilometers, of which 7,472 kilometers were employment related. His total automobile costs for the year, including lease costs, are $5,858. Calculate the effect on Mr. Platt's employment income in 2020 related to the use of his automobile?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Mechanical Engineering
1.2K views

Discussion #1: Business Forms Choose which business form (sole proprietorship, \"S\" Corporation, \"C\" Corporation, LLC, 501C3) you...

Physics
1.2K views

Example 11 3 A sphere of aluminium of 0 047 kg placed for sufficient time...

Basic Math
1.2K views

You are given the choice between a yearly payment of $3,981 that increases by $223...

Statistics
1.2K views

A pharmaceutical company wants to conduct a survey of 50 individuals who have high cholesterol...

Calculus
1.2K views

At a computer store, a customer is considering 7 different computers, 8 different monitors, 9...

Algebra
1.2K views

The matrix 43 48 113 122 73 116 126 112 192 209 131 213 171...

Algebra
1.2K views

Graph the polynomial function Factor first if the expression is not in factored form f...

Algebra
1.2K views

Extension 1 If y ax 4 and y 20 when x 8 what is the...

Accounting
1.2K views

The preliminary 2021 income statement of...

Accounting
1.2K views

SU QUESTION 4 a) Use the following selected data about Comfort Bhd. and prepare the...

Accounting
1.2K views

Eastland Corp. had total variable costs of $161,792, total fixed costs of $119,160, and total...

Accounting
1.2K views

At year-end, Barr Company had shipped $14,500 of merchandise FOB destination to Lee Company. Which...