Automobile you lease

Base the standby charge on:

• two-thirds of the cost of your automobile lease, less the amount payable to the lessor for insuring against loss, damage, or liability resulting from use of the automobile;
• the number of 30-day periods in the year that the automobile was available to the employee;
• the personal driving done while the automobile was available to the employee; and
• the amount of any payment (reimbursement) you got from the employee for the standby charge.

Related topics

• Calculating automobile benefits