You work for Sales R Us as a fully commissioned sales employee, which of the...
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You work for Sales R Us as a fully commissioned sales employee, which of the following home-office expenses could be deducted in determining taxable income? 1. Home maintenance and mortgage interest. 2. Property taxes, home insurance and mortgage interest. 3. Rent, CCA and property taxes. 4. Home maintenance, insurance and property taxes 01 02 3 04 point) 4) Listen Astro Inc., a private corporation located in Canada, declared and paid a $20,000 capital dividend to Rodney Smith, the corporations sole shareholder. Rodney's marginal tax rate is 43% for regular income, which translates into an effective tax rate of 31% for dividends. Calculate how much Rodney will get to keep after any tax liabilities. $9,250 $11,400 $13,800 O $20,000
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