Lama Nikro is a mortgage broker at Bear Sterling Mortgage Brokerage. Bear Sterling is a mortgage

brokerage in Canada providing low cost brokerage services for low income individuals trying to

purchase their first home. Bear Sterling is a CCPC$.$ In $2023,$ Lama earned $$125,000$ in commissions.

Additionally, Lama earned a $$10,000$ bonus related to her services in $2023,$ but it has not yet been

paid as of March $31,2024.$ Lama incurred the below expenses during $2024$:

Meals for client meetings of $$15,000$

Advertising costs for local benches and signs of $$20,000$

Office space rental of $$40,000$

$$500$ in fees for mortgage licenses

Lease of personal vehicle of $$450$ per month

Auto insurance of $$1500$ per year

Fuel costs for their vehicle of $$10,000$

Maintenance for vehicle of $$5,000$

Interest on a personal line of credit of $$500.$ The Line of credit is used for the lease of their

vehicle

Mortgage costs of $$5,000$

Lama uses their vehicle $75\%$ for business during the year consistently and tracks the mileage

between personal and business use.

Required:

Calculate Lama's $2023$ minimum net employment income.

For any excluded items in your analysis, provide an explanation as to why they were

excluded.

Lama came to you to ask if it would be okay to stop tracking their mileage as they are

consistently using their vehicle for business $75\%$ of the time. They said it was a huge hassle

and would love to know if it is possible. Provide a response to Lama's question.