Nick's net tax owing information 2020 2019 2018 Estimate Actual Actual 8,500 8,000 4,500 What would you advise him to pay for his first installment payment on March 15, according to your analysis of the information given? A) Nil B) 1,125 C) 2.125 D) 2,000 Nick is given a company car from his employer. Details of the Vehicle and Nicks kilometers are provided below: 320 25 Nick's Employer Leases the vehicle at a monthly cost before sales tax of: Monthly sales tax on the lease is incurred of: It is given to Nick for use over the period of March 1st to December 31'st Nicks personal kilometers for the year: Nicks total kilometers for the year: The company does not pay for Nick's auto expenses 8000 20000 The minimum taxable benefit is to Nick for the year is: A) B) C) D) 1103.78 2300.00 3450.00 735.85 In 2019, Marg's Antiques deducted a reserve for oubtful debts of: During 2020, she had actual write-offs of: At the end of 2020, she deducted a reserve for doubtful debts of: 9,300 8,700 4,600 Marg's 2020 net impact on income of all the above would be: A. B 13,400 8,700 -4,000 -22,600 C. D Antonio Capellini is a successful self-employed accountant. He meets all of his clients in his office in the basement of his home. The office size in square feet is: The total house size in square feet 500 2000 Antonio incurred the following costs during the current year: Business liability insurance House insurance House utilities House repairs and maintenance Mortgage interest Property tax Office supplies $500 $400 $2,500 $3,200 $4,100 $1,400 $400 What is the amount of the expenses deductible from Antonio's business income? A. $12,300 B. $3,800 C. $11,600 D. $3,600