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Ms. Sharon Herzog works for a large, publicly traded employer. As she is required to...

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Accounting

Ms. Sharon Herzog works for a large, publicly traded employer. As she is required to travel in her work for that employer, the company provides her with an automobile. Sharon is allowed to use the vehicle for personal activities. The car that she will use was purchased by her employer in 2018 for $45,200, including $5,200 in HST. During 2020, Sharon drove the car a total of 37,000 kilometers. The company pays all of her operating costs which, during 2020 totaled $11,340.
Required: Indicate the minimum taxable benefit that would be allocated to Sharon. Sharon has use of the car for 7 months of the year. Employment use during the year totals 18,600 kilometers.
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