??? during this period. The $1,000 premiums are paid by both the employee and the employer. Lauren's
Fantastic news! We've Found the answer you've been seeking!
Transcribed Image Text:
during this period. The $1,000 premiums are paid by both the employee and the employer. Lauren's share was withheld from her pay during the year. Show the disability benefit, and premiums separately (if applicable). For the auto benefit enter each calculation separately into column F. Leave a row blank if not required. 12 WEL provides Lauren with a vehicle that she uses to drive her clients on tours. The vehicle was used by Lauren throughout 2020, aside form the three months she was off work. WEL required her to return the car and keys. WEL pays all operating and maintenance costs, a total of $2,300 during the year. Details of the vehicle and kilometers driven are below. Total km drive Personal km driven Cost of car (including GST and PST) Standby charge (reduced, if applicable) plus Operating cost benefit, which is the lesser of: 1/2 of reduced standby charge: Or $0.28/km x personal km Other - Indicate in column G 13 Lauren has renovated in order to have a separate area in her townhouse to be used exclusively to signing the contracts and meeting with clients. WEL will provide her with a signed form T2200 stating that she is required to pay for certain employment expenses without reimbursement and use a portion of her home for work. She used this work space between February 1 and December 31, 2020. Townhouse square feet Work space square feet 32,860 8,700 51,400 Work space related expenditures are as follows: Monthly Maintenance Fee (total for 11 months) Utilities (total for 11 months) Home Insurance (total for 11 months) Property Tax (total for 11 months) Office Furniture 2,600 570 5,152 649 4,759 4,899 5,770 If a deduction is not allowed, leave blank Show the deductions as negative. Multiply the total at the end. during this period. The $1,000 premiums are paid by both the employee and the employer. Lauren's share was withheld from her pay during the year. Show the disability benefit, and premiums separately (if applicable). For the auto benefit enter each calculation separately into column F. Leave a row blank if not required. 12 WEL provides Lauren with a vehicle that she uses to drive her clients on tours. The vehicle was used by Lauren throughout 2020, aside form the three months she was off work. WEL required her to return the car and keys. WEL pays all operating and maintenance costs, a total of $2,300 during the year. Details of the vehicle and kilometers driven are below. Total km drive Personal km driven Cost of car (including GST and PST) Standby charge (reduced, if applicable) plus Operating cost benefit, which is the lesser of: 1/2 of reduced standby charge: Or $0.28/km x personal km Other - Indicate in column G 13 Lauren has renovated in order to have a separate area in her townhouse to be used exclusively to signing the contracts and meeting with clients. WEL will provide her with a signed form T2200 stating that she is required to pay for certain employment expenses without reimbursement and use a portion of her home for work. She used this work space between February 1 and December 31, 2020. Townhouse square feet Work space square feet 32,860 8,700 51,400 Work space related expenditures are as follows: Monthly Maintenance Fee (total for 11 months) Utilities (total for 11 months) Home Insurance (total for 11 months) Property Tax (total for 11 months) Office Furniture 2,600 570 5,152 649 4,759 4,899 5,770 If a deduction is not allowed, leave blank Show the deductions as negative. Multiply the total at the end.
Expert Answer:
Answer rating: 100% (QA)
Cash flow is the net amount of cash and cash equivalents being transacted in and out of a company in a given period If a company has positive cash flow the companys liquid assets are increasing Net in... View the full answer
Related Book For
Essentials of Business Statistics
ISBN: 978-0078020537
5th edition
Authors: Bruce Bowerman, Richard Connell, Emily Murphree, Burdeane Or
Posted Date:
Students also viewed these accounting questions
-
During 20x5, Oates Company had sales of $250,000, net income of $25,000, average total assets of $350,000, dividend payments of $17,500, net cash flows from operating activities of$26,000, purchases...
-
Lauren is 17 years old. She reports earned income of $3,000 and unearned income of $2,100. Is she likely subject to the kiddie tax? Explain.
-
Splendid Company purchased equity securities during 2020 to be held as investments. The cost and market value of the investments are: Cost Market December 31, 2020 Trading securities 2,000,000...
-
A small ice block of mass m starts from rest from the top of an inverted bowl in the shape of a hemisphere, as shown in the figure. The hemisphere is fixed to the ground, and the block slides without...
-
Two identical balloons of the same volume are pumped up with air to more than atmospheric pressure and suspended on the ends of a stick that is horizontally balanced. One of the balloons is then...
-
Determine the power rating of a no. 40 chain, single strand, operating on a 12-tooth sprocket at 860 rpm. Describe the preferred method of lubrication. The small sprocket is applied to the shaft of...
-
A breakwater is a wall built around a harbor so the incoming waves dissipate their energy against it. The significant dimensionless parameters are the Froude number Fr and the Reynolds number Re. A...
-
Frozen North Outfitters Inc. makes thermal clothing for winter sports and outdoor work. It is considering acquiring Downhill Fashions Corp., which manufactures and sells ski clothing. Downhill is...
-
A car with an initial speed 7.7 m/s speeds up at a uniform 0.73 m/s^2. It travels 1.055km while accelerating. 1. How fast in m/s is the car moving just as it is traveled the 1.055 km? 2. How many...
-
What type of web server is sending packet/frame 280 of the capture? 2. What type of HTTP Status Code is the web server in packet/frame 314 sending? Google the error and provide a quote summarizing...
-
BSC has the error probability p = 0.2 and the input to the channel consists of 4 equiprobable Messages x1 = 000; x2 = 001; x3 = 011; x4 = 111. Calculate (a) P(0) and p (1) at the input; (b)...
-
(b) (c) The diagram below shows the routing tables of routers R1, R2, R3 and R4, which connect multiple networks together. Show (in detail) what happens when router R1 receives a packet with...
-
How do I approach an analysis of a case study focusing on Financial Reporting making reference to - Financial Reporting and Regulatory Framework as the main background reading and knowledge.
-
In North American business context Pregunta 2 Seleccione una: a. shaking hands is now widely regarded as an outdated custom. b. women are expected to shake hands differently than men. c. a firm...
-
Our Introduction to Risk Management discussion in Week 1 is expanded to the understanding of chapter 3's Utility Theory. Utility Theory discusses the satisfaction level based on the individual's...
-
The IASB has argued companies are already required to reflect the impact of climate change on a company's operations through the application of existing accounting standards. St and S2 effectively...
-
Company A has been paying a $2 dividend each year to its common stockholders for the last 10 years. The company announces today stockholders will see the dividend grow by 4% three years from now. The...
-
Chicago Company sold merchandise to a customer for $1,500 cash in a state with a 6% sales tax rate. The total amount of cash collected from the customer was $558. $600. $642. $636. Nevada Company...
-
In order for a cylindrical engine part to give an engine long life, the outside diameter of the part must be between the specification limits of 2.95 inches and 3.05 inches. Assuming normality,...
-
Suppose that you purchase (randomly select) 3 TV sets from a production run of 10 TV sets. Of the 10 TV sets, 9 are destined to last at least five years without needing a single repair. What is the...
-
In an article in the Journal of Marketing, Bayus studied the differences between early replacement buyers and late replacement buyers in making consumer durable good replacement purchases. Early...
-
What are the different methods of conducting marketing research?
-
What is the main difference between a full-service and a limited-service supplier?
-
What are some of the issues that should be considered when conducting marketing research?
Study smarter with the SolutionInn App