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pls help me with these boxes Check my work Paul Fenson is employed as a shipping supervisor. In the evenings and on weekends, he holds
pls help me with these boxes
Check my work Paul Fenson is employed as a shipping supervisor. In the evenings and on weekends, he holds a second job as a real estate salesman for a national real estate firm. His financial information for 2020 is as follows: 1. His salary from his day job is $60,000 per annum. However, the employer deducts a number of items from his salary, and so his net take home pay is only $40,846. The following amounts were deducted in 2020: Book Print Income tax Union dues Canada Pension Plan Employment Insurance premiums Registered pension plan contribution Reimbursement for personal use of employer's car Charitable donations remitted to United Way $ 11,000 600 2,898 856 3,000 600 800 $19.754 erences The employer paid the following amounts on behalf of Paul: Canada Pension Plan Employment Insurance premiums Registered pension plan Premiums for a mandatory provincial health insurance plan Group term life insurance premiums ($50,000 coverage) $2.898 1,198 3,000 600 1.200 $8.896 Paul used the employer's summer camp for a one- month holiday and paid the employer $200 rent. Whert not being used by employees, the summer camp is rented for the normal amount of $600 per month. Although Paul owned his own car, he was provided with a company car. The car cost the company $35,000. During the year, he drove a total of 24.000 km, of which 16,800 was for personal use. The employer also paid all of the operating costs, which amounted to $3,000. During the year, he attended a shipping conference in Toronto His spouse travelled with him at the company's expense ($1,000). The employer permitted staff to purchase merchandise from its retail outlet at the company's cost. During the year, Paul purchased for $800 merchandise with a retail value of $1,200. 2. As a real estate salesman, Paul earned a base salary of $8,000 and received commissions of $7,000. In relation to his real estate work, he BB 10 2 of 3 3 raw 2. As a real estate salesman, Paul earned a base salary of $8,000 and received commissions of $7,000. In relation to his real estate work, he incurred the following expenses: $400 3,000 Dues to a local real estate association Fee for a three-day seminar on how to be an effective salesperson Advertising-calendars and pens Car operating costs Promotion (meals and drinks for clients) Personal meals (during in-town business) Purchase of a portable telephone ook 1,700 4,000 2.800 400 600 rences Paul used his own car for his real estate activities. The car has an undepreciated capital cost for tax purposes of $10,000. During the year, he drove a total of 30,000 km, of which 27,000 was related to selling real estate. His employer provided him with a monthly car allowance of $200 ($2,400 per year). Required: Determine Paul's net income from employment for 2020 OLAN MacBook Pro Saved ces Real Estate Income Limited Real Estate expenses I Subtotal $ 0 Maximum Deduction allowed Net Employment Income $ 0Step by Step Solution
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