Richard Ahmed earns a salary of $70,000 in 2022 as an employee of B Ltd. He pays
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Richard Ahmed earns a salary of $70,000 in 2022 as an employee of B Ltd. He pays the following expenses to earn his income:
(a) Determine the maximum deduction for employment expenses that Richard is entitled to claim in computing his income for 2022.
(b) How would your answer to (a) change, if at all, if Richard was a salesperson and received commission income of $6,000 in addition to his salary, in 2022?
(c) How would your answer to (b) change, if at all, if Richard’s commission income were $20,000?
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Related Book For
Canadian Income Taxation 2022/2023
ISBN: 9781260881202
25th Edition
Authors: William Buckwold, Joan Kitunen, Matthew Roman
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