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please solve ASAP 1. At the beginning of 2016, the following information related to James Murphy: Year 2014- Taxable income = $55000. Amount withheld =
please solve ASAP
1. At the beginning of 2016, the following information related to James Murphy: Year 2014- Taxable income = $55000. Amount withheld = $53000 Year 2015- Taxable Income = $59000. Amount withheld = $54000 Year 2016- Taxable amount = $66000. Amount withheld = $ 60000 Is James required to make instalment payments during 2016? If the answer is yes, what amounts will he be paying and which alternative is the best. Include the due dates for the instalment. [6 marks] 2. Ms. Kristin Lee is provided with an auto mobile by her employer. The employer is acquired the auto mobile in 2015 for $25000 plus S1250 GST and S2000 PST. During 2016, Ms. Lee drives a total distance of 28000 km, 16000 of which were related to employment duties. The automobile is available through out the year. Calculate minimum 2016 taxable benefits for the use of the auto mobile [4 marks 3. An employer provided an owned car to his employee for a year 12 months-320 days) as part of benefits. The car costed $35000 and was driven 32000 kilometres where 16000 of the kilometres were dedicated to personal use. Calculate the total taxable benefits. [4 marks]Step by Step Solution
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