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 staff under his supervision. He received $8,700 in such commissions, which included $ 1.200 of commissions earned In late 2019. The December 2020 commissions had been computed as $1,800 and were received in January 2021. The employer deducted the following from his salary In 2020: Canada Pension Plan contributions Employment Insurance premiums Private medical plan premiums $2.999 856 300 2 In addition to the above, the employer paid the following to Sheldon or on his behalf Travel allowance (hint: unreasonably either high or low not allowed) Group term life Insurance premiums for $50.000 coverage Premiums for a private medical Insurance plan $ 2.900 800 300 3. Sheldon's spouse dled in late 2019, leaving him to support three children. In 2020, he hired a person at a cost of $9,000 to provide baby-sitting services for the two youngest children. Following his spouse's death, Sheldon suffered from depression. As a result, his employer paid the cost of $3,000 for counselling services and also provided him with airline tickets costing $ 2.800 so that he and the children could attend a relaxation resort in 2020. 4. Sheldon uses his own vehicle for employment duties. The vehicle (class 10.1) had an undepreciated capital cost of $ 17,000 at the end of 2019. Sheldon pald $4.900 in 2020 to operate the car and used it 60% of the time for employment dutles. CCA (CRA allowed depreciation rate on this type of car is 30%. 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. Lees Limited Salesperson expenses S 0 Total Sales person Expenses Maximum Salesperson expenses deduction allowed Net Employment Income S 0 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 staff under his supervision. He received $8,700 in such commissions, which included $ 1.200 of commissions earned In late 2019. The December 2020 commissions had been computed as $1,800 and were received in January 2021. The employer deducted the following from his salary In 2020: Canada Pension Plan contributions Employment Insurance premiums Private medical plan premiums $2.999 856 300 2 In addition to the above, the employer paid the following to Sheldon or on his behalf Travel allowance (hint: unreasonably either high or low not allowed) Group term life Insurance premiums for $50.000 coverage Premiums for a private medical Insurance plan $ 2.900 800 300 3. Sheldon's spouse dled in late 2019, leaving him to support three children. In 2020, he hired a person at a cost of $9,000 to provide baby-sitting services for the two youngest children. Following his spouse's death, Sheldon suffered from depression. As a result, his employer paid the cost of $3,000 for counselling services and also provided him with airline tickets costing $ 2.800 so that he and the children could attend a relaxation resort in 2020. 4. Sheldon uses his own vehicle for employment duties. The vehicle (class 10.1) had an undepreciated capital cost of $ 17,000 at the end of 2019. Sheldon pald $4.900 in 2020 to operate the car and used it 60% of the time for employment dutles. CCA (CRA allowed depreciation rate on this type of car is 30%. 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. Lees Limited Salesperson expenses S 0 Total Sales person Expenses Maximum Salesperson expenses deduction allowed Net Employment Income S 0