MGAC50H3 Chapter Notes - Chapter 3: Pension, Capital Cost, Union Dues

25 views3 pages
29 Mar 2015
School
Course

Document Summary

Solution 22: calculate employment income comprehensive benefits (a) employment income: 6(1)(b)(v) allowance for meals, accommodation and air travel (actual reasonable expense. 6(1)(b)(x) allowance for car (not based solely on kilometres) 67. 2] lesser of: (a) amount paid = ,600 (b) 290/30 = ,900. Lesser amount ,900 38k km/45k km = $ 9,706 (i) l00/85 (,000 1. 15) = ,588 (ii) ,000. Lesser amount ,893 38k km/45k km Notes to solution (1) fuel and hydro can be claimed under paragraph 8(1)(f) or subparagraph 8(1)(i)(iii). A deduction under subparagraph 8(1)(i)(iii) is better, since it is not limited by commission income. (2) he cannot claim mortgage interest and he cannot use the fair market value rent if he owns the home [it- 3029015. 1800$ :ofgreater theof 85%15. 1000,30,1$ s/b ,829------------solutions to chapter 3 assignment problems. Monthly allowance for incidentals ( 12) Imputed interest [,000 . 06 90/365](1) Group income protection benefits [,500 ,880]]

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents

Related Questions