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    hunterleej's Avatar
    hunterleej Posts: 11, Reputation: 1
    New Member
    		  
    #1

    Apr 15, 2008, 06:49 AM
    Company paid vehicle
    I have a company paid vehicle. I have unlimited usage and my gas is also paid for by the Company. I live in North Carolina and I'm trying to figure out just how much having this perk is worth over a year's time...
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 16, 2008, 10:36 AM
    That's actually pretty simple.

    Determine what you would have to pay in monthly leasing fees for that kind of car. A phone call to a local car dealership can give you that answer.

    Then determine your average weekly gas usage, and multiply that by the average cost of gas in your area.

    Add about $800 for the annual maintenance costs, and you will have a pretty good estimate of the value of the perk.
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