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expensing property. Required: Complete the table below to answer the following questions. a. Determine the maximum amount that Wai can deduct from her business income

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expensing property. Required: Complete the table below to answer the following questions. a. Determine the maximum amount that Wai can deduct from her business income for tax purposes in 2022. Show expenses as negative numbers. b. Calculate the maximum CCA that Wai can deduct in 2023 and 2024, assuming that business kilometres driven and total kilometres driven both remain constant and that she sells her car in 2024 for $19,000 and replaces it with a new car costing $40,000 plus HST. Assume the new car is not designated as immedlate expensing property. Wai Yeung is a self-employed insurance Salesperson. She started her business on January 1, 2022, and ended her first taxation year on December 31, 2022. On July 1, she purchased a car for $36,000 plus 13% HSI. The car is financed with a bank loan and interest costs amounted to $1,970 from July 1 to December 31 . Wai incurred the following additional expenses relating to her automobile: During the period, Wai drove 16,000Km, of which 12,000Km were for business. Assume the car is not designated as immediate expensing property. Required: Complete the table below to answer the following questions. a. Determine the maximum amount that Wai can deduct from her business income for tax purposes in 2022. Show expenses as negative numbers

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