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Sally is a Salesperson and gets paid commission on top of her regular salary. For the current year, she received $ 1 4 5 ,
Sally is a Salesperson and gets paid commission on top of her regular salary. For the current year, she received $ in salary and $ in commissions.
On October of the current year, her employer declared a bonus of Sally didn't receive this bonus until May of the following year.
Sally received the following gifts from her employer:
a pen,coffeemug,andEthiopiancoffee $
b reward for exceeding sales targets $
c a set of dishes for her wedding anniversary $
d An Amazon gift card for $
e A long term service reward $
$
Sally used the employer provided vehicle. The vehicle was financed and had an original cost of $ Sally had access to the vehicle throughout the year.
All vehicle operating costs were paid by her employer.
During the year, She drove the vehicle a total of kilometers,
of which were personal, the rest was for employment purposes.
Sally's employer gave her a travel allowance of $ per month for the month period she worked for her employer. Her actual expenses were $ Her employer excluded this travel allowance from her employment income.
On January Sally borrowed funds from her employer to go on a holiday to Mongolia.
The interest rate charged by her employer was and she repaid the interest on December of the current year. The prescridbe interest rate throughtout the current year was
The amount funds borrowed in the loan was $
Sally had the following commission expenses for the current year.
Advertising
Parking
Supplies
Travel as listed in above
$
Sally has a home office. She estimates her home office usage is Home office expenses include:
$
mortgage interest house insurance utilities
security system repairs
REQUIRED:
$
not on the part of the home where the office is $
Calculate Sally's net employment income for the current year based on the above information.
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