Luis Billiot Is an Employee of Plato Designs and Drives

question 33

Multiple Choice

Luis Billiot is an employee of Plato Designs and drives a 2017 Toyota Camry as a company car.The fair-market value of the car is $25,499 and the lease value is $6,850,according to Publication 15-b.The car has been available for 300 days during the year and Luis has driven 5,500 of 28,350 miles for personal use.He pays for his own fuel.What is the amount of the company-car fringe benefit that will appear on Luis's W-2,using the lease-value rule? (Do not round intermediate calculations,only round final answer to two decimal points. )

• A)$1,252.48
• B)$1,092.27
• C)$875.14
• D)$546.13

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Definitions:

Integrating Mechanisms

Methods or processes used to ensure different departments or units within an organization work together effectively towards common goals.

Differentiation

The process of distinguishing a product, service, or brand from its competitors by emphasizing unique features or attributes.

Hierarchical Referral

A method of decision-making or information dissemination that follows a structured path of authority within an organization.

Subsystems Integration

The process of making different subcomponents of a system work together effectively and efficiently for overall system performance.