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:

Gestation

The period of development from the fertilization of an egg until birth in mammals, varying in length among different species.

Neurogenesis

the process by which new neurons are formed in the brain.

Gestation

The time of growth from when an egg is fertilized until the organism is born.

Stem Cells

Unspecialized cells capable of renewing themselves and differentiating into various cell types, offering potential in regenerative medicine.