BUSI 2400 Study Guide - Quiz Guide: Term Life Insurance, Union Dues, Pension

• School: Carleton University
• Department: Business
• Course: BUSI 2400
• Professor: Michael Hine

Document Summary

Bonus of ,000 (not included in 20x1 because received in december 20x0, so included in 20x0) Mandatory employer-paid provincial health care () (it470r#41) Counseling services - personal financial planning () (it470r#26) Counseling services - retirement planning () (it470r#46) Frequent flyer program (it470r#14; ittn40 - 2009, p. 2) Standby charge no reduction (a/b) why? not all 3 conditions meet (not >50% emp) 2% x (c x d months) = 2% x ,000 x 4. Option 1: condition not meet (not >50% emp) Employment income = 2,000 x (18. 00-5. 00) = ,000] [general rules, exception 1a = yes (price paid >= fmv grant date ) (deduction in taxable income per ita110(1)(d) of 26,000x50%=13,000) exception 2 (ccpc), i. e. employment income in year of disposition] Income tax deducted of ,200 = tax payable calculations in 20x1 (#1) Income tax deducted of = tax payable calculations in 20x0 (#6) Cpp contributions - employee payment = tax payable calculations (#1)