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ALEX Company is a private company that engages in trading business in Vancouver.
In 2021, the company generated sales revenue of $550,500.
It had the following expenses:
Salary $ 112,000
Rent: 48,000
Cost of sales 228,000
Vehicle licence fee and gas 24,800 (Business use: 75%)
Mobile phone 2,800 (Personal use: 80%)
Home rent and electricity 3,900 (Personal use: 40%)
Advertising 5,000
Meals & Entertainment 6,000
Stationery: 3,500
What was ALEX Companys 2021 tax payable?
Select one: a. $13,816 b. $13,915 c. $14,245 d. None of these
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