G H hertorne-half or any loss on the sale other home. The payment was made on May 30, 2021 Proceeds on sale of home Original cost of home Gain loss 317,700 397.500 (79.800) 150,000 IN 10/12- 1.250 1.250 1 2 In order to help Lauren with the purchase of her new townhouse, We provided her with a $150,000, 0.5% housing loan. The funds are provided to Lauren on March 1, 2021. Asume that the prescribed rate for all of 2021 1 percent Use the number months to calculate the low interest loon benefit * During 2021, Lauren earned a setary of S105,000 as well as commissions of $8,000 The Company withheld the following amounts from her salary salary and other benefits such 305.000 bonuses are included in in 8.000 Seductible 1 1 not deductible not deductible not deduce not 13.600 deductible 1 1 1 1 1 Income Taxes 33,600 CPP 3.156 EL 890 Disability insurance premium 1.000 Registered Pension Plan (RPP) Contributions 3.600 's wel.contributed 54,100 on Lauren's behalf to the Company's RPP 6 We provides group medical coverage to all of its employees. The private hesith plan premiums paid by WEL on Lauren's behalf cost $1,020 for the year 7 During the year, Lauren received two non cash from WEL, a seasons ass worth 5 acasa.com Excel 0+ 0 S. Home bre Page Da w Colibri B SA O can 13 BG 41 0 We provides the racconto of its employees. The premis paid by WEL. Lauren's behalf costs for the year 2 Lauren was granted options to buy the company's $10 per here when the joined the staff of WIL At that time, the shares had and market of 514 per share. On May 10, 2021, the shares are trading at $11 per share. She shares on that date and is still holding these shares on December 45 49 50 10 are in a part of the Canadian Mountaineen Autocamion, and paid professional dues et $180 for 2001 4 11 Due todo sleding centre breaks her collarbone and was of work for three months during 2021. She received a total of 56.100 in payments from the day inance company during this period. The premiums are $100/ear and were wereld from a 50 show the disability and premiums separately replicable) For the auto benejenter each calculation separately into caluma E. Leave a row blanket ruined 12 we provides taure with which she was to drive her insan tours. The while was used by lauren throughout 2021. side for the three month the wolf work w!! required her to return the candle WEL pays operating and ances total of 2.300 during the yew Details of the vehicle and women drin we below 5 55 Total drive Cover het ad 32.100 93 92 93 94 Os+ Book Air 30 0: 85 Da 10 : 8 esc t.com Excel bron Post Das 33 SE BIO 1 S7 om drive Personal driven Cost of car linduding GST and PST) 2,100 12.340 44600 59 60 GE 62 03 GA 15 Standby charge reduced, if applicable Operating cost benefit, which is the lesser at 1/2 of reduced standby charge Or $027/um personal Other-indicate in column 13 Lauren has renovated in order to have a separate in her townhouse to be widesto signing the contracts and meeting with clients wit will provide her with a gred form 100 ming the required to pay for certain employment expenses without reimbursement and sport of her home for work. She used this workspace between February and December 11, 2001 57 fadeci et allowed, lewebion Thow the deset. Mully the total at the end 73 22 73 Workspace related expenditures are as follows: Morten Interest tout for 11 month cities total for 11 months Home Iraurante total for 11 month Property Tax rotator 11 month Office Furniture 10.10 2014 2146 5.064 6,634 16 Total square footage Total Deduction 255 01 02 03 04 05 Cover Shorterad wa MacBOCKAN DAL to so Q esc 13 FE P3 sharepoint.com O TA Excel 2. Sarved w Sancho Home Tom Data View s Calbe BV Custom $ - 733 D 1 1 TO 71 22 73 74 75 76 1 7 Mortere interest total for 11 month elites total for 11 months) Home Insurance (total for 11 month) Property Tax total for 11 months Office Furniture c 10,109 3.014 3,146 5,054 6,634 1 1 1 1 Total Nuare footage Total Deduction 25 80 01 Required: Determine Lauren's net employment income for 2021 Net employment income Please use the sum function to show your ner employment income 11 15 16 57 119 90 92 90 5 95 Cover sheet- please read 01 02 03 04 05 MacBook Air G H hertorne-half or any loss on the sale other home. The payment was made on May 30, 2021 Proceeds on sale of home Original cost of home Gain loss 317,700 397.500 (79.800) 150,000 IN 10/12- 1.250 1.250 1 2 In order to help Lauren with the purchase of her new townhouse, We provided her with a $150,000, 0.5% housing loan. The funds are provided to Lauren on March 1, 2021. Asume that the prescribed rate for all of 2021 1 percent Use the number months to calculate the low interest loon benefit * During 2021, Lauren earned a setary of S105,000 as well as commissions of $8,000 The Company withheld the following amounts from her salary salary and other benefits such 305.000 bonuses are included in in 8.000 Seductible 1 1 not deductible not deductible not deduce not 13.600 deductible 1 1 1 1 1 Income Taxes 33,600 CPP 3.156 EL 890 Disability insurance premium 1.000 Registered Pension Plan (RPP) Contributions 3.600 's wel.contributed 54,100 on Lauren's behalf to the Company's RPP 6 We provides group medical coverage to all of its employees. The private hesith plan premiums paid by WEL on Lauren's behalf cost $1,020 for the year 7 During the year, Lauren received two non cash from WEL, a seasons ass worth 5 acasa.com Excel 0+ 0 S. Home bre Page Da w Colibri B SA O can 13 BG 41 0 We provides the racconto of its employees. The premis paid by WEL. Lauren's behalf costs for the year 2 Lauren was granted options to buy the company's $10 per here when the joined the staff of WIL At that time, the shares had and market of 514 per share. On May 10, 2021, the shares are trading at $11 per share. She shares on that date and is still holding these shares on December 45 49 50 10 are in a part of the Canadian Mountaineen Autocamion, and paid professional dues et $180 for 2001 4 11 Due todo sleding centre breaks her collarbone and was of work for three months during 2021. She received a total of 56.100 in payments from the day inance company during this period. The premiums are $100/ear and were wereld from a 50 show the disability and premiums separately replicable) For the auto benejenter each calculation separately into caluma E. Leave a row blanket ruined 12 we provides taure with which she was to drive her insan tours. The while was used by lauren throughout 2021. side for the three month the wolf work w!! required her to return the candle WEL pays operating and ances total of 2.300 during the yew Details of the vehicle and women drin we below 5 55 Total drive Cover het ad 32.100 93 92 93 94 Os+ Book Air 30 0: 85 Da 10 : 8 esc t.com Excel bron Post Das 33 SE BIO 1 S7 om drive Personal driven Cost of car linduding GST and PST) 2,100 12.340 44600 59 60 GE 62 03 GA 15 Standby charge reduced, if applicable Operating cost benefit, which is the lesser at 1/2 of reduced standby charge Or $027/um personal Other-indicate in column 13 Lauren has renovated in order to have a separate in her townhouse to be widesto signing the contracts and meeting with clients wit will provide her with a gred form 100 ming the required to pay for certain employment expenses without reimbursement and sport of her home for work. She used this workspace between February and December 11, 2001 57 fadeci et allowed, lewebion Thow the deset. Mully the total at the end 73 22 73 Workspace related expenditures are as follows: Morten Interest tout for 11 month cities total for 11 months Home Iraurante total for 11 month Property Tax rotator 11 month Office Furniture 10.10 2014 2146 5.064 6,634 16 Total square footage Total Deduction 255 01 02 03 04 05 Cover Shorterad wa MacBOCKAN DAL to so Q esc 13 FE P3 sharepoint.com O TA Excel 2. Sarved w Sancho Home Tom Data View s Calbe BV Custom $ - 733 D 1 1 TO 71 22 73 74 75 76 1 7 Mortere interest total for 11 month elites total for 11 months) Home Insurance (total for 11 month) Property Tax total for 11 months Office Furniture c 10,109 3.014 3,146 5,054 6,634 1 1 1 1 Total Nuare footage Total Deduction 25 80 01 Required: Determine Lauren's net employment income for 2021 Net employment income Please use the sum function to show your ner employment income 11 15 16 57 119 90 92 90 5 95 Cover sheet- please read 01 02 03 04 05 MacBook Air