Tanesha Works Part-Time for a Governmental Agency and Is Given

question 3

Multiple Choice

Tanesha works part-time for a governmental agency and is given a car for work-related and commute purposes.During the last calendar year,she worked 150 days and had a commute of 35 miles each direction.What is the amount of the company-car fringe benefit that will appear on her W-2? (Do not round intermediate calculations,only round final answer to two decimal points. )

• A)$15,750.00
• B)$3,937.50
• C)$7,875.00
• D)$5,906.25

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Definitions:

Market Price

The rate at which a service or asset can presently be bought or sold within a specific market.

Market Economy

A system where the economy and the prices of goods and services are determined entirely by the collective actions of a country's individuals and companies.

Scarce Resources

Resources that are limited in supply and available in less quantity than the demand in an economy, necessitating allocation choices.

Quantities Demanded

The total amount of a good or service that consumers are willing to buy at a given price over a specified period.