Please refer to the attached document for the question. This is related to accounting.

Jillian Morris is a resident of Newfoundland, she is looking for assistance in completing the 2019 calculation of her employment income and business income. She wants your to identify the amounts that are not taxable, or deductible. All calculations must be shown, round all numbers to nearest dollar, do not use cents in your answer. Jillian moves from one location in the province to another for a new employment opportunity. She worked from Jan 1, 2019 to June 30, 2019 at Titian Plus, this is a Canadian controlled private corporation. She moved across the island in July 2019 and started work Fisherman's co, a creative company in August 2019. Fisherman co. is a public company. Information regarding Jillian's employment at both locations is detailed below: Titian Plus: Jillian earned a gross salary f $85,000, and a bonus of $5,000 in January 2019 that related to the company's 2018 work year. Her employer also told her she will receive a bonus in Jan 2020 for $2000 for her performance in 2019. The following amounts were deductions from her salary: CPP premiums - $2,749 El premiums - $860 Income Tax - $14,000 Registered Pension Plan Contributions - $5000 Union Dues - $1000 Accident sickness insurance plan - $150 Titan also paid $1300 to a private health care plan for Jillian. Also paid $500 to a CPA firm for finical counselling, and $200 for mental health counselling for Jillian's husband. Jillian landed the biggest account in the firms history and received an free all expense paid cruise for her and her husband. They took this in May. The cost to Titian was $2800. Titian also paid for her to be a member of a golf club, as she gained the largest client over a round of golf. Jillian was off work for 3 weeks in march 2019. She received disability payments of $1500. The premium was paid entirely by Jillian thought payroll deduction by her employer. Over the years, including 2019, Jillian has paid a total of $3,00 to the plan. 2019 was her first time having to avail of the befits. Jillian was provided a car in 2019 while employed by Titian. It cost $35,000 originally but at the beginning of 2019, was only worth $10,000. The company paid all the operating costs related to the car totalling $2900 for the time Jillian used it. She put 15,000KM on the car during her employment in 2019 14,000 of which were for company purposes. In 2019 she also sold 900 shares of Titian that she had purchased in 2018 under the employment stock option plan. At the time the option was granted the shares were selling for $15 per share which is the same as the option price. She did quite well on the sale of her shares and sold the 900 shares in June 2019 for $32 per share. She also received gifts from her employer in 2019. Silver vase for her bday $350, briefcase worth $300 as a wedding gift, $300 gift certificates for Art stone to buy a piece of art as a thank you for her service. Fishermans Co. August 1, 2019 to December 31, 2019 Jillian earned a salary of $120,000 for the 5 months of work. The following amounts were deducted: CPP premiums - $2749 El premiums - $860 Income Tax - $21,000 Fisherman co. paid $700 for a group term life insurance policy for Jillian and paid $4000 to her RRSP. Fisherman co also purchased a cell phone at a cost of $500 to be sued by Jillian for business and personal. They provided her with the optio to buy 300 shares at the option price of $40 per share. At the time the options was granted to Jillian in September 2019, the shares were trading at $42 per share. Megan exercised her option in December and purchased 300 shares when the shares were trading at $52 per share. Jillainis required to work from home. She uses an office in her new house which represents 15% of the square footage of the entire house. From August 1 to December 31, 2019, the expenses incurred for the entire house included the following: Repairs and maintenance: $550 Property Tax: $1200 Interest on Mortgage: $6300 Insurance: $800 In December 2019, fisherman co. gave Jillian a $200 gift certificate to The Keg as a Christmas gift. Picture Perfect: Sole proprietorship Jillain is a photographer and has her own business, not incorporated. The net income on the financial statements prepared by Jillian for the period of Jan 1 2019 to Dec 31 2019 showed net income of $93,000 Picture Perfect Income Statement Jan 1, 2019 - Dec 31, 2019 Revenue $185, 000 Expenses: Legal Fees Life insurance Club membership and dues Utility Connection Advertising and promotion vehicle allowance Rental of space Office Supplies Salaries 4,500 1,000 6,000 500 8,000 4,200 10,000 8,600 45,000 4,200 92,000 Other expenses Total Expenses Net Income $93,000 Amounts have been deducted from the revenue to arrive at net income include the following: 1. Legal fees 4,500 - the total for legal fees included $1,500 for legal action to collect an amount from a customer; legal fees to purchase the new house to be used as her principle residence $1,000. $2,000 of legal fees were paid to prepare a financing agreement with the bank. 2. Life insurance ($1000) was purchase by Jill as she though it was wise to have insurance that paid the company should something happen to her, this was not required by any bank agreement. 3. Club dues and membership, this included $3000 for membership to golf club, this was to try and gain business. $2000 was paid as a membership fee to the Photographers society of Canada and remaining $1000 was to a fitness club. 4. $500 for utility connection at her new business property that she was renting. $300 had been paid before year end and remining $200 was still account payable. 5. Promo and advertising included $2,500 for meals, entrainment for clients, $1000 for event for all her staff to she her appreciation. Also included $4000 paid to US television station to target Canadian customer. Research has showin man Canadians tune into this NYC TV station. In also included $500 for an ad in the Telegram to advertise for an assistant. 6. Vehicle allowance to one staff who was using her own car. 60 cents per KM and in 2019 she paid her for 7,000KM driven for business use (7000 x 60) $4200 7. Jills niece wanted to go to Europe, so she paid her a salary of $15,000 to use for the trip. This included $45000 of total salaries and wages on the income statement. 8. Other expenses include $500 for spa. $800 for lotto tickets and $500 for repairs and maintaince on office space. 9. An amount of $6000 is included in gross revenues which represents the winings that Jill had on the slot machines while she was on a cruise. Jillian Morris is a resident of Newfoundland, she is looking for assistance in completing the 2019 calculation of her employment income and business income. She wants your to identify the amounts that are not taxable, or deductible. All calculations must be shown, round all numbers to nearest dollar, do not use cents in your answer. Jillian moves from one location in the province to another for a new employment opportunity. She worked from Jan 1, 2019 to June 30, 2019 at Titian Plus, this is a Canadian controlled private corporation. She moved across the island in July 2019 and started work Fisherman's co, a creative company in August 2019. Fisherman co. is a public company. Information regarding Jillian's employment at both locations is detailed below: Titian Plus: Jillian earned a gross salary f $85,000, and a bonus of $5,000 in January 2019 that related to the company's 2018 work year. Her employer also told her she will receive a bonus in Jan 2020 for $2000 for her performance in 2019. The following amounts were deductions from her salary: CPP premiums - $2,749 El premiums - $860 Income Tax - $14,000 Registered Pension Plan Contributions - $5000 Union Dues - $1000 Accident sickness insurance plan - $150 Titan also paid $1300 to a private health care plan for Jillian. Also paid $500 to a CPA firm for finical counselling, and $200 for mental health counselling for Jillian's husband. Jillian landed the biggest account in the firms history and received an free all expense paid cruise for her and her husband. They took this in May. The cost to Titian was $2800. Titian also paid for her to be a member of a golf club, as she gained the largest client over a round of golf. Jillian was off work for 3 weeks in march 2019. She received disability payments of $1500. The premium was paid entirely by Jillian thought payroll deduction by her employer. Over the years, including 2019, Jillian has paid a total of $3,00 to the plan. 2019 was her first time having to avail of the befits. Jillian was provided a car in 2019 while employed by Titian. It cost $35,000 originally but at the beginning of 2019, was only worth $10,000. The company paid all the operating costs related to the car totalling $2900 for the time Jillian used it. She put 15,000KM on the car during her employment in 2019 14,000 of which were for company purposes. In 2019 she also sold 900 shares of Titian that she had purchased in 2018 under the employment stock option plan. At the time the option was granted the shares were selling for $15 per share which is the same as the option price. She did quite well on the sale of her shares and sold the 900 shares in June 2019 for $32 per share. She also received gifts from her employer in 2019. Silver vase for her bday $350, briefcase worth $300 as a wedding gift, $300 gift certificates for Art stone to buy a piece of art as a thank you for her service. Fishermans Co. August 1, 2019 to December 31, 2019 Jillian earned a salary of $120,000 for the 5 months of work. The following amounts were deducted: CPP premiums - $2749 El premiums - $860 Income Tax - $21,000 Fisherman co. paid $700 for a group term life insurance policy for Jillian and paid $4000 to her RRSP. Fisherman co also purchased a cell phone at a cost of $500 to be sued by Jillian for business and personal. They provided her with the optio to buy 300 shares at the option price of $40 per share. At the time the options was granted to Jillian in September 2019, the shares were trading at $42 per share. Megan exercised her option in December and purchased 300 shares when the shares were trading at $52 per share. Jillainis required to work from home. She uses an office in her new house which represents 15% of the square footage of the entire house. From August 1 to December 31, 2019, the expenses incurred for the entire house included the following: Repairs and maintenance: $550 Property Tax: $1200 Interest on Mortgage: $6300 Insurance: $800 In December 2019, fisherman co. gave Jillian a $200 gift certificate to The Keg as a Christmas gift. Picture Perfect: Sole proprietorship Jillain is a photographer and has her own business, not incorporated. The net income on the financial statements prepared by Jillian for the period of Jan 1 2019 to Dec 31 2019 showed net income of $93,000 Picture Perfect Income Statement Jan 1, 2019 - Dec 31, 2019 Revenue $185, 000 Expenses: Legal Fees Life insurance Club membership and dues Utility Connection Advertising and promotion vehicle allowance Rental of space Office Supplies Salaries 4,500 1,000 6,000 500 8,000 4,200 10,000 8,600 45,000 4,200 92,000 Other expenses Total Expenses Net Income $93,000 Amounts have been deducted from the revenue to arrive at net income include the following: 1. Legal fees 4,500 - the total for legal fees included $1,500 for legal action to collect an amount from a customer; legal fees to purchase the new house to be used as her principle residence $1,000. $2,000 of legal fees were paid to prepare a financing agreement with the bank. 2. Life insurance ($1000) was purchase by Jill as she though it was wise to have insurance that paid the company should something happen to her, this was not required by any bank agreement. 3. Club dues and membership, this included $3000 for membership to golf club, this was to try and gain business. $2000 was paid as a membership fee to the Photographers society of Canada and remaining $1000 was to a fitness club. 4. $500 for utility connection at her new business property that she was renting. $300 had been paid before year end and remining $200 was still account payable. 5. Promo and advertising included $2,500 for meals, entrainment for clients, $1000 for event for all her staff to she her appreciation. Also included $4000 paid to US television station to target Canadian customer. Research has showin man Canadians tune into this NYC TV station. In also included $500 for an ad in the Telegram to advertise for an assistant. 6. Vehicle allowance to one staff who was using her own car. 60 cents per KM and in 2019 she paid her for 7,000KM driven for business use (7000 x 60) $4200 7. Jills niece wanted to go to Europe, so she paid her a salary of $15,000 to use for the trip. This included $45000 of total salaries and wages on the income statement. 8. Other expenses include $500 for spa. $800 for lotto tickets and $500 for repairs and maintaince on office space. 9. An amount of $6000 is included in gross revenues which represents the winings that Jill had on the slot machines while she was on a cruise