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

---

Definitions:

New Adaptation

The process or state of changing to fit a new environment or different conditions, often referring to biological, psychological, or social adjustments.

Language Development

The process by which children come to understand and communicate language during early childhood.

Sensorimotor Intelligence

Piaget's first stage of cognitive development, spanning from birth to about 2 years, where infants learn through interacting with the world via their senses and actions.

Maturation

The process of development in which an individual or organism reaches their full potential.