this js a taxx questions. Show all correct answer and supporting calculations and please use canadian tax principles. i will leave a possitive review if all the answers are correct.

Thank You :)

what do you mean?? pictures are not clear ???

please do the pther question i have posted.... i need help with that

Instructions: if there is no fox impact, leave the answer cell blank. These are the blue "Answer boxes below) If an amount reduces net employment income, enter as a negative. Please use formulas for your answers. Do not calculate these outside of excel, and hardcode them You can copy and paste your answer into the supporting calculations box and put on opostrophe in front, so that I can see the formula. Example (this is NOT a port of the question). Supporting Calculations Answer Mc Craig Webber is provided with a car that is leased by his employer. The monthly lease Standby charge - payments for 2021 are $600. During 2021, he drives the automobile a total of 30,000km of 1.920 (600*12*2/3)*8000/(1667*1 which 22,000km are employment related. The automobile is available for the entire year Operating cost benefit is the His employer pald a total of $9,200 in operating costs. Calculate Mr. Webber's minimum lesser of 1.920 x 1/2 or 2021 taxable benefit for the use of the automobile 960 8000km x $0.27 ignore operating costs paid by employer Question 4 Lauren McMann is an advanced mountaineer and outdoor adventure specialist. In 2021, a headhunting firm connected her with Whitehorse Expeditions Ltd. (Wel) a public Canadian company. WEL was looked for another person to join their expanding company. Other information relevant to 2021 is as follows Answer Supporting Calculations 1 Lauren put her house on the market on January 5, 2021, and at the urging of the listing agent, she accepted an offer resulting in a loss on this property. WEL agreed to compensate her for one-half of any loss on the sale of her home. The payment was made on May 30, 2021. Proceeds on sale of home 315,800 Original cost of home 390,700 Gainos) (74,900) 2 In order to help Lauren with the purchase of her new townhouse, WEL provided her with a $120,000, 0.6% housing loan. The funds are provided to Lauren on February 1, 2021. Assume that the prescribed rate for all of 2021 is 1 percent. Use the number months to calculate the low interest loan benefit 4 During 2021, Lauren earned a salary of S105,000 as well as commissions of $8,000. The Company withheld the following amounts from her salary: Income Taxes CPP . EI Disability insurance premiurns Registered Pension Plan (RPP) Contributions 33,600 3,166 890 1,000 3.600 5 WEL contributed $4.100 on Lauren's behalf to the Company's RPP 6 WEL provides group medical coverage to all of its employees. The public health plan premium paid by WEL on Lauren's behalf cost $600 for the year Cover sheet - please read Q1 Q2 Q3 24 25 + D E F G H B Disability insurance premium Registered Pension Plan (RPP) Contributions C 1,000 3,600 5 wel contributed $4,100 on Lauren's behalf to the Company's RPP. 6 WEL provides group medical coverage to all of its employees. The public health plan premiums paid by WEL on Lauren's behalf cost $600 for the year. 7 During the year, Lauren received two non-cash gifts from WEL, a season skipass worth $1,000 and a Christmas gift certificate to a local spa for $375. Record the gifts seporately, if taxable, on the two lines provided. 8 WEL provides life insurance coverage to all of its employees. The premiums paid by WEL ON Lauren's behall cout $500 for the year. 9 Lauren was granted options to buy 60 of the company's shares at $10 per share when she joined the staff of WEL. At that time, the shares had an assessed fale market value of $13 per share. On May 10, 2021, the shares are trading at 516 per share. She acquires 60 shares on that date and is still holding these shares on December 31 10 Lauren is a part of the Canadian Mountaineers Association, and paid professional dues of $880 for 2021 11 Due to a dog sledding accident Lauren breaks her collar bone and was off work for three months during 2021. She received a total of 56,100 in payments from the disability insurance company during this period. The premiums are $1000/year and were withheld from Laura's pay Show the disability benefit and premiums separately If applicable). For the auto benefit enter each calculation separately into column F. Leave a row blank if not required. 12 WEL provides Lauren with a vehicle that she uses to drive her clients on tours. The vehicle was used by Lauren throughout 2021, aside form the three months she was off work. WEL required her to return the car and keys. WEL pays all operating and maintenance costs, a total of $2,300 during the year Details of the vehicle and kilometers driven are below. Total km drive Personal km driven Cost of car (including GST and PST) 30,100 12.040 43,800 Standby charge (reduced, it applicable) plus Operating cost benefit which is the lesser of: 1/2 of reduced standby charge! Or $0.27/km x personal km Other - Indicate in column G TI G D E during 2021. She received a total of $6,100 in payments from the disability Insurance company during this period. The premiums are $1000/year and were withheld from Laura's pay. Show the disability benefit and premiums separately if applicable). For the auto benefit enter each calculation separately into column F. Leave a row blank if not required. 12 WEL provides Lauren with a vehicle that she uses to drive her clients on tours. The vehicle was used by Lauren throughout 2021, aside form the three months she was off work. WEL required her to return the car and keys. WEL pays all operating and maintenance costs, a total of $2,300 during the year. Details of the vehicle and kilometers driven are below. Total km drive Personal km driven Cost of car (including GST and PST) 30,100 12,040 43,800 Standby charge (reduced, if applicable) plus Operating cost benefit, which is the lesser of: 1/2 of reduced standby charge: Or $0.27/kmx personal km Other - Indicate in column G 13 Lauren has renovated in order to have a separate area in her townhouse to be used exclusively to signing the contracts and meeting with clients. We will provide her with a signed form T2200 stating that she is required to pay for certain employment expenses without reimbursement and use a portion of her home for work. She used this work space between February 1 and December 31, 2021. if a deduction is not allowed, leave blank Show the deductions as negative. Multiply the toto Work space related expenditures are as follows: Mortgage Interest (total for 11 months) Utilities (total for 11 months) Home Insurance (total for 11 months) Property Tax (total for 11 months) Office Furniture 9,471 3,036 3,300 5,880 6,110 Total x square footage Total Deduction 25% Required: Determine Lauren's net employment Income for 2021. Net employment income Please use the SUM function to show your net employment income. Instructions: if there is no fox impact, leave the answer cell blank. These are the blue "Answer boxes below) If an amount reduces net employment income, enter as a negative. Please use formulas for your answers. Do not calculate these outside of excel, and hardcode them You can copy and paste your answer into the supporting calculations box and put on opostrophe in front, so that I can see the formula. Example (this is NOT a port of the question). Supporting Calculations Answer Mc Craig Webber is provided with a car that is leased by his employer. The monthly lease Standby charge - payments for 2021 are $600. During 2021, he drives the automobile a total of 30,000km of 1.920 (600*12*2/3)*8000/(1667*1 which 22,000km are employment related. The automobile is available for the entire year Operating cost benefit is the His employer pald a total of $9,200 in operating costs. Calculate Mr. Webber's minimum lesser of 1.920 x 1/2 or 2021 taxable benefit for the use of the automobile 960 8000km x $0.27 ignore operating costs paid by employer Question 4 Lauren McMann is an advanced mountaineer and outdoor adventure specialist. In 2021, a headhunting firm connected her with Whitehorse Expeditions Ltd. (Wel) a public Canadian company. WEL was looked for another person to join their expanding company. Other information relevant to 2021 is as follows Answer Supporting Calculations 1 Lauren put her house on the market on January 5, 2021, and at the urging of the listing agent, she accepted an offer resulting in a loss on this property. WEL agreed to compensate her for one-half of any loss on the sale of her home. The payment was made on May 30, 2021. Proceeds on sale of home 315,800 Original cost of home 390,700 Gainos) (74,900) 2 In order to help Lauren with the purchase of her new townhouse, WEL provided her with a $120,000, 0.6% housing loan. The funds are provided to Lauren on February 1, 2021. Assume that the prescribed rate for all of 2021 is 1 percent. Use the number months to calculate the low interest loan benefit 4 During 2021, Lauren earned a salary of S105,000 as well as commissions of $8,000. The Company withheld the following amounts from her salary: Income Taxes CPP . EI Disability insurance premiurns Registered Pension Plan (RPP) Contributions 33,600 3,166 890 1,000 3.600 5 WEL contributed $4.100 on Lauren's behalf to the Company's RPP 6 WEL provides group medical coverage to all of its employees. The public health plan premium paid by WEL on Lauren's behalf cost $600 for the year Cover sheet - please read Q1 Q2 Q3 24 25 + D E F G H B Disability insurance premium Registered Pension Plan (RPP) Contributions C 1,000 3,600 5 wel contributed $4,100 on Lauren's behalf to the Company's RPP. 6 WEL provides group medical coverage to all of its employees. The public health plan premiums paid by WEL on Lauren's behalf cost $600 for the year. 7 During the year, Lauren received two non-cash gifts from WEL, a season skipass worth $1,000 and a Christmas gift certificate to a local spa for $375. Record the gifts seporately, if taxable, on the two lines provided. 8 WEL provides life insurance coverage to all of its employees. The premiums paid by WEL ON Lauren's behall cout $500 for the year. 9 Lauren was granted options to buy 60 of the company's shares at $10 per share when she joined the staff of WEL. At that time, the shares had an assessed fale market value of $13 per share. On May 10, 2021, the shares are trading at 516 per share. She acquires 60 shares on that date and is still holding these shares on December 31 10 Lauren is a part of the Canadian Mountaineers Association, and paid professional dues of $880 for 2021 11 Due to a dog sledding accident Lauren breaks her collar bone and was off work for three months during 2021. She received a total of 56,100 in payments from the disability insurance company during this period. The premiums are $1000/year and were withheld from Laura's pay Show the disability benefit and premiums separately If applicable). For the auto benefit enter each calculation separately into column F. Leave a row blank if not required. 12 WEL provides Lauren with a vehicle that she uses to drive her clients on tours. The vehicle was used by Lauren throughout 2021, aside form the three months she was off work. WEL required her to return the car and keys. WEL pays all operating and maintenance costs, a total of $2,300 during the year Details of the vehicle and kilometers driven are below. Total km drive Personal km driven Cost of car (including GST and PST) 30,100 12.040 43,800 Standby charge (reduced, it applicable) plus Operating cost benefit which is the lesser of: 1/2 of reduced standby charge! Or $0.27/km x personal km Other - Indicate in column G TI G D E during 2021. She received a total of $6,100 in payments from the disability Insurance company during this period. The premiums are $1000/year and were withheld from Laura's pay. Show the disability benefit and premiums separately if applicable). For the auto benefit enter each calculation separately into column F. Leave a row blank if not required. 12 WEL provides Lauren with a vehicle that she uses to drive her clients on tours. The vehicle was used by Lauren throughout 2021, aside form the three months she was off work. WEL required her to return the car and keys. WEL pays all operating and maintenance costs, a total of $2,300 during the year. Details of the vehicle and kilometers driven are below. Total km drive Personal km driven Cost of car (including GST and PST) 30,100 12,040 43,800 Standby charge (reduced, if applicable) plus Operating cost benefit, which is the lesser of: 1/2 of reduced standby charge: Or $0.27/kmx personal km Other - Indicate in column G 13 Lauren has renovated in order to have a separate area in her townhouse to be used exclusively to signing the contracts and meeting with clients. We will provide her with a signed form T2200 stating that she is required to pay for certain employment expenses without reimbursement and use a portion of her home for work. She used this work space between February 1 and December 31, 2021. if a deduction is not allowed, leave blank Show the deductions as negative. Multiply the toto Work space related expenditures are as follows: Mortgage Interest (total for 11 months) Utilities (total for 11 months) Home Insurance (total for 11 months) Property Tax (total for 11 months) Office Furniture 9,471 3,036 3,300 5,880 6,110 Total x square footage Total Deduction 25% Required: Determine Lauren's net employment Income for 2021. Net employment income Please use the SUM function to show your net employment income