Question
John secured employment as a commissioned salesman in July, 2020. In 2020, he received a base salary of $60,000, and $10,000 of commissions. John worked
John secured employment as a commissioned salesman in July, 2020. In 2020, he received a base salary of $60,000, and $10,000 of commissions. John worked away from the office negotiating sales contracts, and he is required to pay his own vehicle and promotional expenses. John drove his car 20,000 kilometres in the last six months of 2020 and 15,000 were employment related. His employer has signed a Form T2200 certifying that requirement, and certifying that no reimbursements are paid for any expenses John incurs to earn commissions. John incurred the following costs from July through December 2020:
Advertising and Promotion | $6,000 | |
Meals and Entertainment with Clients | 10,000 | |
Vehicle Operating Costs | 5,000 |
Instructions:
This question requires you to fill in 11 blanks in the table below. Do not leave any blanks - enter 0 if applicable. Enter all values as positive numbers:
Expenses deductible under: | 8(1)(f) | 8(1)(h.1) |
Advertising and Promotion | ||
Meals & Entertainment with Clients | ||
Vehicle Operating Costs | ||
Total | ||
Limited to (in dollars): |
John will prefer to deduct total employment expenses in the amount of $ under Section 8(1)().
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