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(Solved): Malcolm Figueroa is a sales employee of Carefree Pools and Spas, Incorporated. In 2021, he was issue ...



Malcolm Figueroa is a sales employee of Carefree Pools and Spas, Incorporated. In 2021, he was issued a company car with a fair market value of $35,000. He drove a total of 22,000 miles; used the car for 3,000 miles for personal use; and his employer paid for fuel, charging Malcolm 5.5 cents per mile.
Required: MUST BE IN TABLE FORMAT!!!!!!!!
Under the lease-value rule, what is the amount that must be added to Malcolm’s gross pay for 2021? (Round "Employer Charge Per Mile" to 3 decimal places. Round other intermediate calculations and final answers to 2 decimal place.)

Answer must be written in table format to recieve like.



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As per publication  15-b Of employers tax guide fringe benefits provides you how to use lease value ...
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