Question: help please !!! this is the question clearly with all parts . help ASAP pleaseee !! ke played by MW M Shade oper war klepas



ke played by MW M Shade oper war klepas The Ted Cerere si BMW Theme the 2. Ky player and are the core yewe Se Juary 15. Ape Reg. 300 600 Tel 4. Kor 53000 Shah 2017 of the same beinan ve kendi 1,000 from BMW 100 1.000 T Here with me of her whe motory 1. To wy modules for She dowe 4000 2018 MW S44 the Asif Kawa robe de Themeffiel here. There Prayer Mind Toul . + Kyle pad 30. There my $50,000 per of 51.0 for the full you The de vestins the sky 10 anos emples de ned the folder when Muals for 318 12. Kemal SP 200. To the year 2018 de pomagamo prof CM Kyle Tutto per I Ms. Kyle Mark is employed by BMW Ltd., a public corporation as a Sales Manager. She is married. Her husband, Neil Mark,66, is unemployed for the year since the family moved from Regina to Calgary. She supports her two children during the year. Harry is 19-year-old studying at a University has no income for the year. Kyle paid his tuition fee of $6,200. Information relating to her financial affairs for the year 2019 is given below. 1. The T4 slip issued to her for the year had the following: Salary 92,000 Canada Pension Plan 2.749 Employment Insurance 860 For Income tax deducted 22,000 Contribution to Registered Pension Plan 4,000 BMW paid $720 for group term life insurance. The employer is also contributing same amount to the RPP plan. 2. Kyle negotiated contracts for her employer and was also paid 1% of the value of the contract. For the year, this amounted to $22,000 and was paid in two installments of $11,000 on September 30, 2019 and January 15, 2020, 3. For the taxation year 2018, the breakdown of Kyle's income was as follows: Employment income 80,000 Automobile expense -3,600 Registered pension plan contribution -3,000 Business income 6,000 Rental loss -4,000 Total 75.400 MacBook Air I 4. Kyle sold shares of BMW for $30,000. She had acquired the shares in 2017 under a stock option plan for $12,000. At the time of the purchase, the shares were valued at $14,000. BMW has indicated that all of the shares are being used in an active business. Kyle received non-taxable dividend of $3,000 from BMW Ltd. for the year. 5. She incurred a moving expense as follows. Travelling Legal fee Commission paid agent Cotal 1,200 1,400 2.500 5,100 1 6. Her employer presented with an original work of art costing $2,500 in honour of her service when she moved to Calgary 7. To carry out his employment duties Kyle used a company car that was available for personal use. She drove the car 40,000 km for business and 18,000 km for personal use in 2019. BMW leased the car for $4,494. In addition, the employer paid operating cost of $3,800. 8. As a condition of employment Kyle had work from home office. The home office occupied 80 square meters of her 800 square meter home. The home expense for the entire year as follows: Mortgage Interest $ 4,200 Utilities 2,200 Property Taxes 2,600 Insurance Minor repairs and maintenance 1,200 Total 11,000 9. Kyle paid the employer $51,500. This covered the full principal repayment of an employee loan of $50,000 plus an interest of $1,500 for the full year. The prescribed rate for the year was 6%. Kyle used the fund to repair the home and invest in shares. 10. In order perform her employment duties, Kyle incurred the following sales related expenses: Advertising $1,000 Meals for client Entertainment for client 400 800 1,375 11. Kyle donated $2,000 for united way for this year. 12. Kyle made a contribution of $6,000 to RRSP on January 15, 2020. For the year 2018, she reported a pension adjustment of 6,000. She also have opening balance of $9,500 per notice of assessment. Required: 1 A. Calculate Ms. Kyle's net Income for tax purposes for the taxation year 2019. B. Calculate Ms. Kyle's Taxable income for tax purposes for the taxation year 2019. C. Calculate the tax payable (including credits) for the taxation year 2019. Me Kyle Martin med by BMW L. publication as a Sales Manager Shemmed Her d. Neil Mullered for the year since the family moved from Regins to Calgary. She apporter wech dag heyrary sing wis or the Informace ning to her calls for the year 2018 is given below The Tap to her for the year and the following Salary Camila Pension Faroe a dedected Car Reparodi BMW 720 for me Kyleed for her and was all of the value of the wore year, the 2.000 de messed September , 2019 For your 2018, the badows of Kyle'income was Real 4. Kyle old shares of BMW 590,000 Sed quired the shares in 2017 under och plan for 512.00. Al the time of the purchase the shares were vald 14.000 BMW Indicated that of the shares are being well in the business, Kyle montana dividend 1.000 m Now She comedoring expenses Tave | Tool ACC Salam Page & Mermer presented animal work of an 52.00 bonur of her service when 1. To carry out his complement des Kyle company www w for She daw the car 40,000 km od 18.000 km for 2009 544. In the employed penings & Ally Khalwale Theme of her. The bome exe for the Menger Mie wpisane 10. In onder her the Meno 12. Kyle make.com RSS Feed ACM Kembar ke played by MW M Shade oper war klepas The Ted Cerere si BMW Theme the 2. Ky player and are the core yewe Se Juary 15. Ape Reg. 300 600 Tel 4. Kor 53000 Shah 2017 of the same beinan ve kendi 1,000 from BMW 100 1.000 T Here with me of her whe motory 1. To wy modules for She dowe 4000 2018 MW S44 the Asif Kawa robe de Themeffiel here. There Prayer Mind Toul . + Kyle pad 30. There my $50,000 per of 51.0 for the full you The de vestins the sky 10 anos emples de ned the folder when Muals for 318 12. Kemal SP 200. To the year 2018 de pomagamo prof CM Kyle Tutto per I Ms. Kyle Mark is employed by BMW Ltd., a public corporation as a Sales Manager. She is married. Her husband, Neil Mark,66, is unemployed for the year since the family moved from Regina to Calgary. She supports her two children during the year. Harry is 19-year-old studying at a University has no income for the year. Kyle paid his tuition fee of $6,200. Information relating to her financial affairs for the year 2019 is given below. 1. The T4 slip issued to her for the year had the following: Salary 92,000 Canada Pension Plan 2.749 Employment Insurance 860 For Income tax deducted 22,000 Contribution to Registered Pension Plan 4,000 BMW paid $720 for group term life insurance. The employer is also contributing same amount to the RPP plan. 2. Kyle negotiated contracts for her employer and was also paid 1% of the value of the contract. For the year, this amounted to $22,000 and was paid in two installments of $11,000 on September 30, 2019 and January 15, 2020, 3. For the taxation year 2018, the breakdown of Kyle's income was as follows: Employment income 80,000 Automobile expense -3,600 Registered pension plan contribution -3,000 Business income 6,000 Rental loss -4,000 Total 75.400 MacBook Air I 4. Kyle sold shares of BMW for $30,000. She had acquired the shares in 2017 under a stock option plan for $12,000. At the time of the purchase, the shares were valued at $14,000. BMW has indicated that all of the shares are being used in an active business. Kyle received non-taxable dividend of $3,000 from BMW Ltd. for the year. 5. She incurred a moving expense as follows. Travelling Legal fee Commission paid agent Cotal 1,200 1,400 2.500 5,100 1 6. Her employer presented with an original work of art costing $2,500 in honour of her service when she moved to Calgary 7. To carry out his employment duties Kyle used a company car that was available for personal use. She drove the car 40,000 km for business and 18,000 km for personal use in 2019. BMW leased the car for $4,494. In addition, the employer paid operating cost of $3,800. 8. As a condition of employment Kyle had work from home office. The home office occupied 80 square meters of her 800 square meter home. The home expense for the entire year as follows: Mortgage Interest $ 4,200 Utilities 2,200 Property Taxes 2,600 Insurance Minor repairs and maintenance 1,200 Total 11,000 9. Kyle paid the employer $51,500. This covered the full principal repayment of an employee loan of $50,000 plus an interest of $1,500 for the full year. The prescribed rate for the year was 6%. Kyle used the fund to repair the home and invest in shares. 10. In order perform her employment duties, Kyle incurred the following sales related expenses: Advertising $1,000 Meals for client Entertainment for client 400 800 1,375 11. Kyle donated $2,000 for united way for this year. 12. Kyle made a contribution of $6,000 to RRSP on January 15, 2020. For the year 2018, she reported a pension adjustment of 6,000. She also have opening balance of $9,500 per notice of assessment. Required: 1 A. Calculate Ms. Kyle's net Income for tax purposes for the taxation year 2019. B. Calculate Ms. Kyle's Taxable income for tax purposes for the taxation year 2019. C. Calculate the tax payable (including credits) for the taxation year 2019. Me Kyle Martin med by BMW L. publication as a Sales Manager Shemmed Her d. Neil Mullered for the year since the family moved from Regins to Calgary. She apporter wech dag heyrary sing wis or the Informace ning to her calls for the year 2018 is given below The Tap to her for the year and the following Salary Camila Pension Faroe a dedected Car Reparodi BMW 720 for me Kyleed for her and was all of the value of the wore year, the 2.000 de messed September , 2019 For your 2018, the badows of Kyle'income was Real 4. Kyle old shares of BMW 590,000 Sed quired the shares in 2017 under och plan for 512.00. Al the time of the purchase the shares were vald 14.000 BMW Indicated that of the shares are being well in the business, Kyle montana dividend 1.000 m Now She comedoring expenses Tave | Tool ACC Salam Page & Mermer presented animal work of an 52.00 bonur of her service when 1. To carry out his complement des Kyle company www w for She daw the car 40,000 km od 18.000 km for 2009 544. In the employed penings & Ally Khalwale Theme of her. The bome exe for the Menger Mie wpisane 10. In onder her the Meno 12. Kyle make.com RSS Feed ACM Kembar
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