Search. 4:07 PM X ACCT2028 Tax Assignment.docx @ 20%D ... Billy Bremner is a certified professional accountant who operates Bremner Accounting and Tax Services out of the basement of his home. His home address is 967 Major Street Vaughan ON L4T 7T2. He has asked you to help him prepare the T2125 for his 2019 personal tax return and has provided you with the following details regarding his business revenues and expenses for 2019: Amount SRS 000 1.500 Professional income General Expenses Advertising expense Rad debts expense Insurance expense Interest and bank charges expense Business taxes, licenses & memberships expense Office expenses Office stationery expense Legal and accounting expense 1.150 2350 Billy acquired a Lexus IS 300 RWD for personal and business use on March 22, 2019. The car cost him $46,386 50 (541,050 + HST). He drove the car 19.640 kilometers during the year, of which 7.856 were for personale His total motor vehicle expenses not including CCA, were as follows: 2.357 Repairs and maintenance Insurance License and registration Interest on car loan Car washes Parking 340 7.500 Home office expenses Property tax Utilities Insurance Mortgage interest 2.150 16679 Business use of home: Business portion 33.33 square metres Entire home 200 square metres In addition to the above home office expenses, Billy purchased the following items for use in his home office: Desk S945 Chair 425 Bookshell 600 Laptop 2.450 Printer 25 Software 1,XIS Search. 4:07 PM X ACCT2028 Tax Assignment.docx @ 20%D ... 1.150 Business taxes, licenses & memberships expense Office expenses Office stationery expense Legal accounting expense 2350 Billy acquired a Lexus IS 300 RWD for personal and business use on March 22, 2019. The car cost him $46,18650 (541,050-HST). He drove the car 19.640 kilometers during the year, of which 7,856 were for personal use. His total motor vehicle expenses not including CCA, were as follows: 2357 1.500 120 Repairs and maintenance Insurance License and registration Interest on car loan Carwashes Parking Home office expenses Property tax Utilities Insurance Mortgage interest 7.500 2.150 16,200 16.679 Business use of home: Business portion 33.33 square metres Entire home 200 square metres In addition to the above home office expenses, Billy purchased the following items for use in his home office: Desk S945 Chair 425 Rookshell 690 Laptop 2.450 Printer 25 Software 1.815 REQUIRED: Calculate and input all information required to complete the T125, Statement of Business Income and Expenses for Billy Bremner's 2019 personal tax return. Enter relevant information and amounts on the 2019 T2125 pdf forms posted with this assignment on BlackBoard. Submit your completed work to BlackBoard. Page 10 of 10 Search. 4:07 PM X ACCT2028 Tax Assignment.docx @ 20%D ... Billy Bremner is a certified professional accountant who operates Bremner Accounting and Tax Services out of the basement of his home. His home address is 967 Major Street Vaughan ON L4T 7T2. He has asked you to help him prepare the T2125 for his 2019 personal tax return and has provided you with the following details regarding his business revenues and expenses for 2019: Amount SRS 000 1.500 Professional income General Expenses Advertising expense Rad debts expense Insurance expense Interest and bank charges expense Business taxes, licenses & memberships expense Office expenses Office stationery expense Legal and accounting expense 1.150 2350 Billy acquired a Lexus IS 300 RWD for personal and business use on March 22, 2019. The car cost him $46,386 50 (541,050 + HST). He drove the car 19.640 kilometers during the year, of which 7.856 were for personale His total motor vehicle expenses not including CCA, were as follows: 2.357 Repairs and maintenance Insurance License and registration Interest on car loan Car washes Parking 340 7.500 Home office expenses Property tax Utilities Insurance Mortgage interest 2.150 16679 Business use of home: Business portion 33.33 square metres Entire home 200 square metres In addition to the above home office expenses, Billy purchased the following items for use in his home office: Desk S945 Chair 425 Bookshell 600 Laptop 2.450 Printer 25 Software 1,XIS Search. 4:07 PM X ACCT2028 Tax Assignment.docx @ 20%D ... 1.150 Business taxes, licenses & memberships expense Office expenses Office stationery expense Legal accounting expense 2350 Billy acquired a Lexus IS 300 RWD for personal and business use on March 22, 2019. The car cost him $46,18650 (541,050-HST). He drove the car 19.640 kilometers during the year, of which 7,856 were for personal use. His total motor vehicle expenses not including CCA, were as follows: 2357 1.500 120 Repairs and maintenance Insurance License and registration Interest on car loan Carwashes Parking Home office expenses Property tax Utilities Insurance Mortgage interest 7.500 2.150 16,200 16.679 Business use of home: Business portion 33.33 square metres Entire home 200 square metres In addition to the above home office expenses, Billy purchased the following items for use in his home office: Desk S945 Chair 425 Rookshell 690 Laptop 2.450 Printer 25 Software 1.815 REQUIRED: Calculate and input all information required to complete the T125, Statement of Business Income and Expenses for Billy Bremner's 2019 personal tax return. Enter relevant information and amounts on the 2019 T2125 pdf forms posted with this assignment on BlackBoard. Submit your completed work to BlackBoard. Page 10 of 10