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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.

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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