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Mr. Winestock purchased his first home in 2004 and bought another in 2013. $240,000 $720,000 He had purchased Home A in 2004 for: in 2013,

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Mr. Winestock purchased his first home in 2004 and bought another in 2013. $240,000 $720,000 He had purchased Home A in 2004 for: in 2013, he purchased a home B for: He sold both homes in 2020 The proceeds received on the sale of Home A: The proceeds received on the sale of Home B $600,000 $1,205,000 Selling Costs Home A Selling Costs Home B $10,000 $18,000 Advise Mr Winestock on planning to report the minimum Capital Gain Nil. A. B. C. D. E. $10,294.00 $20,588.00 $29,188.00 $78,963.00 320 25 23 24 Nick is given a company car from his employer. Details of the vehicle and Nicks kilometers are provided below: 25 26 Nick's Employer Leases the vehicle at a monthly cost before sales tax of: 27 Monthly sales tax on the lease is incurred of: 28 it is given to Nick for use over the period of March ist to December 31'st 29 Nicks personal kilometers for the year: 30 Nicks total kilometers for the year: 31 The company does not pay for Nick's auto expenses 32 33 The minimum taxable benefit is to Nick for the year is: 8000 20000

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