Question
Mrs. Ang was provided with the following employment benefits and reimbursements in 2020: (i) A partially furnished accommodation with a monthly rent of $4,000. The
Mrs. Ang was provided with the following employment benefits and reimbursements in 2020:
(i) A partially furnished accommodation with a monthly rent of $4,000. The employer paid $3,600 per month and Mrs Ang paid the remaining $400.
(ii) Monthly entertainment allowance of $1,000 of which 60% is spent on business
(iii) Reimbursement for a family holiday trip of $800 (iv) Reimbursement for taxi claims of $1,200 for travel from office to clients' place.
What is Mrs. Ang's taxable employment benefit for the Year of Assessment 2021?
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ANS WER 3 600 1 000 800 1 200 6 600 WORK ING 3 600 1 000 4 600 4 600 800 5 40...
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Introduction To Federal Income Taxation In Canada
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
33rd Edition
1554965020, 978-1554965021
