Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For which governments does the CRA collect income tax? a ) The Quebec government b ) The Provincial governments except Quebec c ) The Federal

For which governments does the CRA collect income tax?
a) The Quebec government
b) The Provincial governments except Quebec
c) The Federal government
d)"b" and "c"
Which ones of the following list are example of Salesperson's Expenses (ITA 8(1)(f):
a) Transportation costs
b) Cellphone & Internet expenses
c) Accounting and legal expenses
d) Office Rent
e) All of the above
One of the following is not true about Employer-provided Childcare:
a) If it is provided for all employees, it is non-taxable benefit.
b) If it is provided in the place of business, it is non-taxable benefit.
c) If is available for public, it is non-taxable benefit.
d) If the benefit is taxable, then CRA allows the benefit to be allowable as childe care expense
The two main benefits that can assessed to an employee provided with an employer owned/leased automobile are:
a) Travell costs
b) Operating Cost Benefit
c) Car allowances
d) Standby Charge
e)"b" and "d" are correct.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Find dy/dx if x = te, y = 2t2 +1

Answered: 1 week ago

Question

Do you think physicians should have unions? Why or why not?

Answered: 1 week ago