Deborah is employed as a salesperson and receives some of her compensation in the form of commissions. During the current year, her salary totaled $85,000 and her commissions totalled $8,400. Her employment-related expenses during this period were as follows:

Capital Cost Allowance On Car*

$ 2,850

Interest On Car Loan*

1,075

Traveling Expenses

10,300

Promotion And Advertising

5,600

Client Entertainment [(1/2)(Actual Costs Of $5,200)]

2,600

Total Available Deductions

$22,425

*The car is used exclusively for employment-related activities.

Ms. Deborah meets the conditions for deducting employment income expenses. Given the preceding information, determine Ms. Ekart's minimum net employment income for the current year. Explain your conclusions.

Answer rating: 100% (QA)

Calculation of minimum net employment incomce for the current year for Deborah Amount Remarks Salary ... View the full answer