Calculate the taxable benefit.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Jackie, a higher-paid employee, has a 1000cc, diesel van which was first registered in 2017 when it had a list price of £20,000 and produces emissions of 95g/km of carbon dioxide. Fifty percent of Jackie’s mileage was for business purposes and she makes no contributions towards the cost of the van she has the van for the whole year and has a satellite navigation system fitted as an accessory to the van (not standard) costing £250.

Calculate the taxable benefit.

A £3,170

 

B £3,200

 

C £3,430

 

D £3,490

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