XYZ Inc. has just completed its fiscal year ended December 31, 2020. Using GAAP, the accountant has determined that, for that taxation year, the Company has Net Income of $200,000. The accountant provides the following information that was used in the determination of the Net Income for Accounting Purposes:

Instructions:

For each "question", provide theeffect on the reconciliation of Net Income for Accounting Purposes tominimumNet Income for Tax Purposes.

• Additionsto Net Income for Accounting Purposes should be entered in the boxas apositive number (write only numbers, do not write "+" sign).
• Deductionsfrom Net Income for Accounting Purposes should be entered in the box asanegative number.
• If the item would havenoeffecton the reconciliation,enterthe number0(zero) in the box.

1. At the end of 2019, of accounts receivable of $100,000, a reserve for tax purposes of $24,577 was deducted. During 2020 year, $2,987 of accounts receivable were actually written off. At the end of 2020, the company expected $10,568 to be uncollectible and deducted that amount as a reserve for tax purposes. Determine the nef effect of the reserve for doubtful debts.
2. On April 15 of 2020, the Company purchased a BMW for the exclusive use of the president. The vehicle is not a Zero Emission Vehicle. The car cost is $86,434. Determine the related CCA amount (i.e. the CCA's effect on NIFTP).
3. Current Income Tax Expense in the amount of $18,237 was deducted to arrive at Net Income for Accounting Purposes.
4. On December 1 of the year, the Company purchased a franchise for $33,270. The franchise has a limited life of 10 years. Determine the net effect of this CCA deduction on NIFTP.
5. A Senior VP of the company was reimbursed for her business travel using her own personal automobile. She received $0.61 per kilometre for the 2,000 kilometres that she drove for business purposes. This reimbursement was not included in her income as a taxable benefit. The company 6. deducted the reimbursement as part of Travel Expenses in the calculation of Net Income for Accounting Purposes.
6. Golf club dues of $6,167 for several employees was deducted in the calculation of Net Income for Accounting Purposes.
7. The Company has a Class 1 balance of $360,618 at the beginning of 2020. This building qualifies for the 4% Class 1 rate. During the year, the Company acquired another building at $138,032 which has been allocated to the same Class 1. Determine the effect of this Class 1's CCA deduction.
8. The company deducted an accounting loss of $3,564 arising from the sale of a delivery vehicle during the year.
9. The salary expense that was deducted for the year included a bonus payable to the Company's president in the amount of $16,969. It will be paid on February 1, 2021.
10. The Company deducted Advertising and Promotion Expense that included $4,429 for sponsorship of a local hockey team and $3,180 for a donation to a local food bank (a registered charity).