ADMS 3520 Chapter 2: Notes Chapter2.pdf

45 views22 pages

Document Summary

2% x cost of car x number of months. If car is leased by employer, the standby charge. 2/3 x monthly lease x number of months (exclude any insurance cost) Operating cost benefit can be reduced to standby charge (if lower) Determine who is making the payment for the (1) amount. Are allowed to claim all expenses considered necessary in performance of duties. Must receive part of remuneration in form of commissions. Employer signs t2200 to authorize salesperson to deduct expenses. Ordinarily required to carry out duties away from employer"s place of business. Expenses, except for cca on automobile, and interest expense on car loan, are limited to total amount of commission income if employer reimburses employee for expenses, the reimbursement must be included in income. Stock option is given to employee to purchase shares at a specific price. Option price is price indicated on stock option. The option is exercised when market value of shares is .

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