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This is about Taxation. Please give the solving steps for these three questions. Employment Income - Part 3 auto & stock ... Submitted 27/33 Total
This is about Taxation. Please give the solving steps for these three questions.
Employment Income - Part 3 auto & stock ... Submitted 27/33 Total points awarded Help Exit Show correct answers 1 Exercise 04-06 On October 1 of the current year, B's e... 3/3 points awarded On October 1 of the current year, B's employer provided her with the use of a car. The car was purchased for $38,000 (including tax). The employer will also pay for the operating expenses that are expected to be $2,200 annually. B will drive the car 2,500 km per month of which 1,000 km will be for employment purposes. What amount is included in B's employment income for tax purposes in the current year? Scored $ 3,540 eBook Print Solution References The correct answer is $3,540. Employment Income - Part 3 auto & stock ... Submitted 27/33 Total points awarded Help Exit Show correct answers 2 Exercise 04-07 On October 1 of the current year, C's e... 3/3 points awarded On October 1 of the current year, C's employer provided him with the use of a car. The car was leased for a monthly cost of $1,000 (including tax). The employer will also pay for the operating expenses that are expected to be $2,200 annually. C will drive the car 2500 km per month of which 1000 km will be for employment purposes. What amount is included in C's employment income for tax purposes in the current year? Scored $ 3,260 eBook Print Solution References The correct answer is $3,260. Employment Income - Part 3 auto & stock ... i Submitted 27/33 Total points awarded Help Exit Show correct answers 3 Exercise 04-08 D is provided with the use of her employer... 3/3 points awarded D is provided with the use of her employer's car throughout the current year. The car was purchased for $28,000 (including tax). The employer also pays for the operating expenses that are $2,800 annually. D drove the car 18,000 km for employment purposes and 12,000 km for personal use. What is the minimum amount to be included in D's employment income for tax purposes in the current year? Scored $ 6,047 eBook Print Solution References The correct answer is $ 6,047. Employment Income - Part 3 auto & stock ... Submitted 27/33 Total points awarded Help Exit Show correct answers 1 Exercise 04-06 On October 1 of the current year, B's e... 3/3 points awarded On October 1 of the current year, B's employer provided her with the use of a car. The car was purchased for $38,000 (including tax). The employer will also pay for the operating expenses that are expected to be $2,200 annually. B will drive the car 2,500 km per month of which 1,000 km will be for employment purposes. What amount is included in B's employment income for tax purposes in the current year? Scored $ 3,540 eBook Print Solution References The correct answer is $3,540. Employment Income - Part 3 auto & stock ... Submitted 27/33 Total points awarded Help Exit Show correct answers 2 Exercise 04-07 On October 1 of the current year, C's e... 3/3 points awarded On October 1 of the current year, C's employer provided him with the use of a car. The car was leased for a monthly cost of $1,000 (including tax). The employer will also pay for the operating expenses that are expected to be $2,200 annually. C will drive the car 2500 km per month of which 1000 km will be for employment purposes. What amount is included in C's employment income for tax purposes in the current year? Scored $ 3,260 eBook Print Solution References The correct answer is $3,260. Employment Income - Part 3 auto & stock ... i Submitted 27/33 Total points awarded Help Exit Show correct answers 3 Exercise 04-08 D is provided with the use of her employer... 3/3 points awarded D is provided with the use of her employer's car throughout the current year. The car was purchased for $28,000 (including tax). The employer also pays for the operating expenses that are $2,800 annually. D drove the car 18,000 km for employment purposes and 12,000 km for personal use. What is the minimum amount to be included in D's employment income for tax purposes in the current year? Scored $ 6,047 eBook Print Solution References The correct answer is $ 6,047Step by Step Solution
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