3] 5] A company's income stamment for accounting purposes for its year ended December 31, 2014 shows a prot of $l, from the sale of widgets to a customer. The gross proceeds of the sale were $3D and the cost of sales was $12D,Di]. The gross pmceeds of $3m,i] are payable in four equal instalments of $T5,i}[i due on June 1 each year, commencing June 1, 214. The deduction necessary to reconcile accounting income to income for tax purposes for EDI-ti in respect of this transaction is? {a} $NIL {hl$135, {c} 9111443110 [d1 $225,0 [e] none of the above amounts Using the same information in question 3 immediately above, what is the amount of neet from this transaction income that will be included in the busiMss's December 31, 2015 income for tax purposes? {a} $NIL [b]$45,t][t {c} $Bii,i][t [d] $135,ooo {e} none of the above amounts Which of the following payments made by an employer for its employees will be included in the taxable income of the employees 2' {a} contributions to registered pension plan [b] reasonable allowances paid for use of employees' automobile used for employment purposes {c} payments for retirement counselling services [d] payments for financial counselling services {c} none of the above payments