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Solita works in the corporate office at Loblaw's and receives the following during the year: Salary: $51,000 Frequent flyer miles earned on business flights
Solita works in the corporate office at Loblaw's and receives the following during the year: Salary: $51,000 Frequent flyer miles earned on business flights purchased with a personal credit card: 29,000 miles, with no cash value A long-service (non-cash) award for five years of service: $800 Christmas (cash) bonus: $850 Value of a wedding gift, as Solita got married in the current year: $400 How much of the items are taxable? Choose the correct answer. A. $55,400 B. $52,550 OC. $53,050 D. $52,150 M
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