Exercise 04-18 J was employed as a salesperson and received a... Jwas employed as a salesperson and received a salary of $80,000 and commissions of $3,000 in the current year. He incurred the following expenses to earn his income: Car expense $1,900; Out-of-town travel expenses (excluding car & meals) $2,100; Client meals 4,000; Advertising 2,000. What is the maximum amount that I can deduct in a arriving at employment income for tax purposes? Exercise 04-19 K is required to use her own automobile for... K is required to use her own automobile for employment purposes. She incurred the following expenses in the current year: Gasoline $2,300, Insurance $1,400, Repairs $800, Parking for employment purposes $350, Interest on car loan $4,200 for 12 months, and Capital cost allowance $6,500. K drove the car 28000 km of which 19000 km were for employment purposes. What is the maximum amount that K is permitted to deduct from employment income in the current year? Note: Do not place a minus sign in front of the amount $ Exercise 04-20 M is employed as a marketing analyst and req... Mis employed as a marketing analyst and required by his employment contract to maintain a home office. His office occupies 10% of the total space in his home. He works 3 days a week in his home office and travels the remaining 2 working days. He incurs the following expenses: New desk $900, telephone landline monthly basic rate (10% of total) $180; Internet (10% of total) $400; Utilities (10% of total) $450; House insurance (10% of total) $140; Mortgage interest (10% of total) $800; Property taxes (10% of total) $700; Maintenance (10% of total) $90. What is the maximum deduction from employment income for tax purposes available to M in the current year? Exercise 04-18 J was employed as a salesperson and received a... J was employed as a salesperson and received a salary of $80,000 and commissions of $3,000 in the current year. He incurred the following expenses to earn his income: Car expense $1,900; Out-of-town travel expenses (excluding car & meals) $2,100; Client meals 4,000; Advertising 2,000. What is the maximum amount that can deduct in a arriving at employment income for tax purposes? Exercise 04-19 K is required to use her own automobile for... Kis required to use her own automobile for employment purposes. She incurred the following expenses in the current year. Gasoline $2,300, Insurance $1,400, Repairs $800, Parking for employment purposes $350, Interest on car loan $4,200 for 12 months, and Capital cost allowance $6,500. K drove the car 28000 km of which 19000 km were for employment purposes. What is the maximum amount that K is permitted to deduct from employment income in the current year? Note: Do not place a minus sign in front of the amount Exercise 04-20 M is employed as a marketing analyst and req... Mis employed as a marketing analyst and required by his employment contract to maintain a home office. His office occuples 10% of the total space in his home. He works 3 days a week in his home office and travels the remaining 2 working days. He incurs the following expenses: New desk $900, telephone landline monthly basic rate (10% of total) $180; Internet (10% of total) $400; Utilities (10% of total) $450; House insurance (10% of total) $140; Mortgage interest (10% of total) $800; Property taxes (10% of total) $700; Maintenance (10% of total) $90. What is the maximum deduction from employment income for tax purposes available to M in the current year? Exercise 04-18 J was employed as a salesperson and received a... Jwas employed as a salesperson and received a salary of $80,000 and commissions of $3,000 in the current year. He incurred the following expenses to earn his income: Car expense $1,900; Out-of-town travel expenses (excluding car & meals) $2,100; Client meals 4,000; Advertising 2,000. What is the maximum amount that I can deduct in a arriving at employment income for tax purposes? Exercise 04-19 K is required to use her own automobile for... K is required to use her own automobile for employment purposes. She incurred the following expenses in the current year: Gasoline $2,300, Insurance $1,400, Repairs $800, Parking for employment purposes $350, Interest on car loan $4,200 for 12 months, and Capital cost allowance $6,500. K drove the car 28000 km of which 19000 km were for employment purposes. What is the maximum amount that K is permitted to deduct from employment income in the current year? Note: Do not place a minus sign in front of the amount $ Exercise 04-20 M is employed as a marketing analyst and req... Mis employed as a marketing analyst and required by his employment contract to maintain a home office. His office occupies 10% of the total space in his home. He works 3 days a week in his home office and travels the remaining 2 working days. He incurs the following expenses: New desk $900, telephone landline monthly basic rate (10% of total) $180; Internet (10% of total) $400; Utilities (10% of total) $450; House insurance (10% of total) $140; Mortgage interest (10% of total) $800; Property taxes (10% of total) $700; Maintenance (10% of total) $90. What is the maximum deduction from employment income for tax purposes available to M in the current year? Exercise 04-18 J was employed as a salesperson and received a... J was employed as a salesperson and received a salary of $80,000 and commissions of $3,000 in the current year. He incurred the following expenses to earn his income: Car expense $1,900; Out-of-town travel expenses (excluding car & meals) $2,100; Client meals 4,000; Advertising 2,000. What is the maximum amount that can deduct in a arriving at employment income for tax purposes? Exercise 04-19 K is required to use her own automobile for... Kis required to use her own automobile for employment purposes. She incurred the following expenses in the current year. Gasoline $2,300, Insurance $1,400, Repairs $800, Parking for employment purposes $350, Interest on car loan $4,200 for 12 months, and Capital cost allowance $6,500. K drove the car 28000 km of which 19000 km were for employment purposes. What is the maximum amount that K is permitted to deduct from employment income in the current year? Note: Do not place a minus sign in front of the amount Exercise 04-20 M is employed as a marketing analyst and req... Mis employed as a marketing analyst and required by his employment contract to maintain a home office. His office occuples 10% of the total space in his home. He works 3 days a week in his home office and travels the remaining 2 working days. He incurs the following expenses: New desk $900, telephone landline monthly basic rate (10% of total) $180; Internet (10% of total) $400; Utilities (10% of total) $450; House insurance (10% of total) $140; Mortgage interest (10% of total) $800; Property taxes (10% of total) $700; Maintenance (10% of total) $90. What is the maximum deduction from employment income for tax purposes available to M in the current year