What Is the Primary Difference Between the Lease-Value Rule and the Commuter

question 57

Multiple Choice

What is the primary difference between the lease-value rule and the commuter rule as they pertain to the valuation of a company car fringe benefit?

• A)The lease-value rule must be used for IRS reporting.
• B)The commuter rule considers all mileage driven as personal.
• C)The lease-value rule is only for internal company use.
• D)The commuter rule forbids personal use of the company vehicle.

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