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What is the operating cost benefit for a company-owned

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Problem 1: An Ontario employer pays 50% of their employees' monthly group term life insurance premium. Coverage is $0.90 per $1,000.00 based on two (2) times annual salary of $34,000.00. The premium is subject to 8% sales tax. Calculate the weekly non-cash taxable benefit.

Select one:

Option 1: $9.66

Option 2: $8.45

Option 3: $15.26

Option 4: $7.63

Problem 2: What is the operating cost benefit for a company-owned or company-leased automobile which was driven 15,000 personal kilometres?

Select one:

Option 1: $3,677.00

Option 2: $3,235.00

Option 3: $5,550.00

Option 4: $4.050.00

Reference no: EM132742697

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