Question
Opening UCC balances Class 1 $330,000 Class 8 $56,000 Class 10.1 $21,000 Class 13 $45,000 Class 50 $260,000 A company pays an automobile allowance of
Opening UCC balances
Class 1 $330,000
Class 8 $56,000
Class 10.1 $21,000
Class 13 $45,000
Class 50 $260,000
A company pays an automobile allowance of $0.59 per kilometer to salespeople who are required to travel. The salesperson drove a total of 6,086 kilometres for employment purposes.
What is the impact on the employment income of the employee?
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen and Peter Brewer
14th edition
978-007811100, 78111005, 978-0078111006
