Question 2 (4 marks) George Moosin is a commissioned salesperson who regularly conducts his work away from his employer's place of business. In 2021, George earned a gross salary of $150,000 and commission income of $15,000. George does NOT receive an allowance for his expenses from his employer and is required to pay his own expenses. George's employer has provided George with a form T2200. During 2021, George incurred the following expenses in performance of employment: Advertising Meals and entertainment with clients Travel Motor vehicle expenses, excluding capital cost allowance and financing costs $ 7,000 12,000 10,000 7,000 Required: Determine the maximum deductible employment-related expenses for George for 2021. (4 marks) Question 3 (5 marks) During 2020, John Seed sold a piece of land with an adjusted cost base of $250,000 for total proceeds of $2,000,000. John received $500,000 in 2020 and accepted a note for the balance as follows: 2021 2022 2023 2024 $400,000 $400,000 $400,000 $300,000 John deducts the maximum possible capital gains reserve. Required: Calculate the taxable capital gain that should be included in John's taxable income in 2020 and 2021 15 marks) Question 2 (4 marks) George Moosin is a commissioned salesperson who regularly conducts his work away from his employer's place of business. In 2021, George earned a gross salary of $150,000 and commission income of $15,000. George does NOT receive an allowance for his expenses from his employer and is required to pay his own expenses. George's employer has provided George with a form T2200. During 2021, George incurred the following expenses in performance of employment: Advertising Meals and entertainment with clients Travel Motor vehicle expenses, excluding capital cost allowance and financing costs $ 7,000 12,000 10,000 7,000 Required: Determine the maximum deductible employment-related expenses for George for 2021. (4 marks) Question 3 (5 marks) During 2020, John Seed sold a piece of land with an adjusted cost base of $250,000 for total proceeds of $2,000,000. John received $500,000 in 2020 and accepted a note for the balance as follows: 2021 2022 2023 2024 $400,000 $400,000 $400,000 $300,000 John deducts the maximum possible capital gains reserve. Required: Calculate the taxable capital gain that should be included in John's taxable income in 2020 and 2021 15 marks)