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Sheldon Daly is district sales manager for a Vancouver - based distribution company. He has requested that you help him establish his employment income for
Sheldon Daly is district sales manager for a Vancouverbased distribution company. He has requested that you help him establish his employment income for tax purposes for the taxation year. He has provided the following information for : Sheldons base salary is $ As sales manager, he is entitled to a small commission on the sales made by staff under his supervision. He received $ in such commissions, which included $ of commissions earned in late The December commissions were computed as $ and were received in January The employer deducted the following from his salary in : Canada Pension Plan contributions $ Employment Insurance premiums Private medical plan premiums In addition to the above, the employer pays the following to Sheldon or on his behalf: Travel allowance $ Group term life insurance premiums for $ coverage Premiums for a private medical insurance plan Sheldons spouse died in late leaving him to support three children. In he hired a person at a cost of $ to provide babysitting services for the two youngest children. Following his spouses death, Sheldon suffered from depression. As a result, his employer paid the cost of $ for counselling services and also provided him with airline tickets costing $ so that he and the children could visit a relaxation resort in Sheldon uses his own vehicle for employment duties. The vehicle class had an undepreciated capital cost of $ at the end of Sheldon paid $ in to operate the car and used it of the time for employment duties. Sheldon incurred the following additional costs relating to his employment: Promotion meals $ Purchase of a cell phone Basic cell phone plan Lease costs for laptop computer Home internet Golf club dues Hotel costsoutoftown travel Required: Determine Sheldons employment income for tax purposes for
Sheldon Daly is district sales manager for a Vancouverbased distribution company. He has requested that you help him establish his employment income for tax purposes for the taxation year. He has provided the following information for :
Sheldons base salary is $ As sales manager, he is entitled to a small commission on the sales made by staff under his supervision. He received $ in such commissions, which included $ of commissions earned in late The December commissions were computed as $ and were received in January The employer deducted the following from his salary in :
Canada Pension Plan contributions $
Employment Insurance premiums
Private medical plan premiums
In addition to the above, the employer pays the following to Sheldon or on his behalf:
Travel allowance $
Group term life insurance premiums for $ coverage
Premiums for a private medical insurance plan
Sheldons spouse died in late leaving him to support three children. In he hired a person at a cost of $ to provide babysitting services for the two youngest children. Following his spouses death, Sheldon suffered from depression. As a result, his employer paid the cost of $ for counselling services and also provided him with airline tickets costing $ so that he and the children could visit a relaxation resort in
Sheldon uses his own vehicle for employment duties. The vehicle class had an undepreciated capital cost of $ at the end of Sheldon paid $ in to operate the car and used it of the time for employment duties.
Sheldon incurred the following additional costs relating to his employment:
Promotion meals $
Purchase of a cell phone
Basic cell phone plan
Lease costs for laptop computer
Home internet
Golf club dues
Hotel costsoutoftown travel
Required:
Determine Sheldons employment income for tax purposes for
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