Sheldon Daly is district sales manager for a Vancouver-based distribution company. He has requested that you help him establish his employment income for tax purposes for the 2020 taxation year He has provided the following information for 2020 1 Sheldon's base salary was $ 94,400. As sales manager, he is entitled to a small commission on the sales made by statt under his supervision, He received $8,700 in such commissions, which included $ 1.200 of commissions earned in late 2019. The December 2020 comissions had been computed as $1,800 and were received in January 2021 The employer deducted the following from his story in 2020 Canada Pension Pran contributions $2,898 Employment insurance premium Private medical plan premium 2. In addition to the above the employer paid the following to Sheldon or on his behalf 856 300 Travet allowance (tunt unireasonably either nigh or low not allowed) Group term life insurance premiums for $50.000 coverage Premiums for a private medical insurance plan S 2.900 800 300 3 Sheldon's spouse died in tate 2019, le ghim to support tree children. In 2020 nered a person at a cost of $9,000 to provide babysitting Services for the two youngest chidien Following his spouse's death, Sheldon suffered from depression As a result, sployer pathe cost of $3.000 for counselling Services and also provided him with ane tickets costing $ 2.800 so that he and the children could end claration resort in 2020 4. Sheldon uses his own vehicle for employment outies. The vehicle class 1011 had an undepreciated capital cost of $ 17000 at the end of 2019 Sneloon paid 54,800 in 2020 to operate the car and used it 60% of the time for employment dutier CCAICRA allowed depreciation rate on this type of cer30 5. Sheldon incurred the following additional costs relating to his employment Promotion (meals) Purchase of a cellular phone Lease costs for laptop computer Golf club dues Hotel costs-out-of-town travel $1,000 500 700 1,000 5,200 Required: Determine Sheldon's net income from employment for tax purposes for 2020. Less Limited Salesperson expe. S Total Sales person Expenses Maximum Salesperson expenses deduction allowed Net Employment Income Sheldon Daly is district sales manager for a Vancouver-based distribution company, He has requested that you nelp him establish his employment income for tax purposes for the 2020 taction year. He has provided the following information for 2020 1. Sheldon's base salary was $ 94,400. As sales manager, he is entitled to a small commission on the sales made by statt under his cupervision. He received $8,700 in such commissions, which included $ 1.200 of commissions eamed in late 2019 The December 202 ommissions had been computed as $1800 and were received in January 2021 The employer deducted the following from a tatary in 2020 Canada Pension Plan contributions 52,898 Employment Insurance premiums 856 Private medical plan premium 300 2. In addition to the above, the employer paid the following to Sheldon or on his behalf Travel allowance (int unreasonably esther high or low not allowed) Group term ife insurance premiums for $50,000 coverage Premiums for a private medical insurance plan 2.900 800 300 3 Sheldon's spouse died in late 2019, leaving hun to support three children, in 2020, he hired a person at a cost of $9,000 to provide by sitting services for the two youngest children Following his spouse's death Sheldon suffered from depression. As a result is employer paid the cost of $3,000 for counselling services and also provided him with artine tickets costing $ 2.800 so that he and the children could attenda relaxation resort in 2020 4. Sheldon uses his own vehicle for employment autes. The vehicle (class 10.) had an undepreciated capital cost of $ 17000 at the end of 2015 Sheldon paid 54 800 in 2020 to operate the car and used 80% of the time for employment dubes CCA (CRA allowed depreciation rate on this type of car is 30% Cheiron mainitsin nie en man 5. Sheldon incurred the following additional costs relating to his employment 4 Promotion (meals) Purchase of a cellular phone Lease costs for laptop computer Golf club dues Hotel costs-out-of-town travel $1,000 500 700 1.000 5,200 Required: Determine Sheldon's net income from employment for tax purposes for 2020 015723 Less Limited Salesperson expenses Total Sales person Expenses Mamur Salesperson expenses deduction allowed S Net Employment income