1.K Ltd. paid an employee a tax-free travel allowance of $3,500 based on 6,000 kilometres...
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1.K Ltd. paid an employee a tax-free travel allowance of $3,500 based on 6,000 kilometres of out-of-town driving. What amount can K deduct for tax purposes?Answer3240
2.In the current year B purchased new office equipment costing $30,000 and received a trade allowance of $2,000 for her old equipment. The old equipment was acquired 6 years ago for $18,000. Bs class 8 UCC balance the beginning of the current year was $10,000. What is the maximum CCA deduction for class 8 that B can claim in the current year?
Answer4800
Just show the calculation process
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