I think some posts got moved and crossed-up. My #s were just costs to a company with a $13/hr employee, comparing a 40-hr and 48-hr workweek, not income for the employee. SATMAN was wondering how $13/hr translated to $50K/yr income. An earlier post stated that a $13/hr employee costs a company about $50K/yr (or about $950/wk). I just came up with a little higher number.
That said, personal use of a COV is technically a taxable fringe benefit, though more than likely not treated as such.
Re: Question for the Bosses
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