Carol received salary of $60,000 during the current year. In addition she earned commission income of $25,000
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Carol received salary of $60,000 during the current year. In addition she earned commission income of $25,000 of which she received $15,000 in the current year. She received the remaining $10,000 in the first quarter of the following year.
Determine Carol’s employment income for the current year. Income tax reference: ITA 5(1).
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Related Book For 
Canadian Income Taxation 2018-2019
ISBN: 9781259464294
21st Edition
Authors: William Buckwold, Joan Kitunen
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