27 Susan is an auditor at a small public pracoce accountingum. Smith & Warren LLH and receives the Tonowing ouning the year Salary: $80,000 Holiday giftbasket $350 value Annual membership at local gym: $1.750 value (Susan uses this membership for personal use only) Life insurance premiums paid by employer $1,100 Private health care insurance premiums paid by employer: 5975 In addition, Susan incurred the following expenses during the year, for which she was not reimbursed: CPA Professional Dues professional status is required by statute for auditors): $1,500 Travel expenses incurred to perform audits of out-of-town clients of the firm): 5950 Which of the following is the correct amount of net employment income for Susan? A 80000+ 1750-1100-1500-950 = 80.400 3.80000-350+1750+1100-1500-950 = 80.750 C.80000+1750+1100-1500-950 = 80,400 d. 80000+1750+1100+975+350-1500-950 = 81,375 28. With regard to the taxation of allowances and reimbursements provided by an employer, which of the following is correct? A All reimbursements are included in employment taxable benefits B. Allowances that are not reasonable are included in employment taxable benefits C. All allowances are included in employment taxable benefits D Auto allowances are always included in employment taxable benefits 29. Which of the following is not an allowed employment deduction as per ITA 8? A Capital cost allowance for a laptop computer used by the employee for employment purposes B. Annual professional membership duds where professional status is required by statute C. Employee contributions to a Registered Pension Plan D. Legal expenses of employee incurred to collect salary or wages 27 Susan is an auditor at a small public pracoce accountingum. Smith & Warren LLH and receives the Tonowing ouning the year Salary: $80,000 Holiday giftbasket $350 value Annual membership at local gym: $1.750 value (Susan uses this membership for personal use only) Life insurance premiums paid by employer $1,100 Private health care insurance premiums paid by employer: 5975 In addition, Susan incurred the following expenses during the year, for which she was not reimbursed: CPA Professional Dues professional status is required by statute for auditors): $1,500 Travel expenses incurred to perform audits of out-of-town clients of the firm): 5950 Which of the following is the correct amount of net employment income for Susan? A 80000+ 1750-1100-1500-950 = 80.400 3.80000-350+1750+1100-1500-950 = 80.750 C.80000+1750+1100-1500-950 = 80,400 d. 80000+1750+1100+975+350-1500-950 = 81,375 28. With regard to the taxation of allowances and reimbursements provided by an employer, which of the following is correct? A All reimbursements are included in employment taxable benefits B. Allowances that are not reasonable are included in employment taxable benefits C. All allowances are included in employment taxable benefits D Auto allowances are always included in employment taxable benefits 29. Which of the following is not an allowed employment deduction as per ITA 8? A Capital cost allowance for a laptop computer used by the employee for employment purposes B. Annual professional membership duds where professional status is required by statute C. Employee contributions to a Registered Pension Plan D. Legal expenses of employee incurred to collect salary or wages