Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Rezu is employed as a salesperson and earns both a salary and commission income. In 2021 Rezu's commissions totaled $7,000. Rezu is required to pay
Rezu is employed as a salesperson and earns both a salary and commission income. In 2021 Rezu's commissions totaled $7,000. Rezu is required to pay for numerous employment expenses each year which are identified on the annual T2200. Rezu paid $10,000 for employment related expenses during the year. Rezu uses a personal vehicle for work purposes, and in 2021, the total capital cost allowance for the car was $4,000. Rezu drove the car a total of 25,000 kilometres in 2021. 10,000 of these were for work purposes. REQUIRED: Calculate Rezu's total salesperson deduction for 2021? Write your answer (without $ sign and rounded to zero decimal places) in the space provided below
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started