Question
VMS Foods opened its operation in Toronto in November 2022. Ricardo Pesongco (SIN 880022451, DOB 15 August, 1974), the manager was hired on 1st May,
VMS Foods opened its operation in Toronto in November 2022. Ricardo Pesongco (SIN 880022451, DOB 15 August, 1974), the manager was hired on 1st May, 2022. He helped in initial setup and all other activities to start the business. He uses a company car and its always available for his personal use as well. His personal km was 8,295 km in 2022. Total km for the year was 20,000. Km. Purchase price of the car 43,000 + applicable tax. Ricardo is paid a monthly salary of $6,250, claim code 1. The company pays all other employees on bi-weekly basis (26 pay period). The manager is paid monthly
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started