Mr. Jonsson is a salesperson handling a line of computer software throughout Western Canada. During 2021, he is paid a salary of $25,500 and receives sales commissions of $47,300. He does not receive an allowance, nor is he reimbursed by his employer for any of his expenses. During the year, Mr. Jonsson made the following employment-related expenditures.Airline Tickets$2,390Office Supplies And Shipping Costs385Purchase Of Laptop Computer2,095Client Entertainment1,780Cost Of New Car24,200Operating Costs Of Car6,600Determine Mr. Jonsson's employment income for the 2021 taxation year. Ignore all GST/HST and PST implications. Additional InformationAssume that all of the client entertainment was expended while more than 12consecutive hours away from the employer's place of business.The new car was purchased on January 5, 2021, and replaced a car that Mr.Jonsson had leased for several years. During 2021, Mr. Jonsson drove the car atotal of 50,000 kilometres, of which 35,000 kilometres were for employmentpurposes and 15,000 kilometres were for personal use. The maximum capital costallowance for the car (100 percent) is $10,890.In addition to expenditures to earn employment income, Mr. Jonsson has thefollowing disbursements.Alberta Blue Cross Medical Insurance PremiumsGroup Life Insurance Premiums$455695Mr. Jonsson indicates that he regularly receives discounts on his employer'smerchandise and, during the current year, he estimates that the value of thesediscounts was $1,700.One of the suppliers of his employer paid $2,350 to provide Mr. Jonsson with a oneweek vacation at a northern fishing lodge.

solution:- Step-by-step explanation:- Salary…

Answered: Determine Mr. Jonsson's employment…

Business

Accounting

Determine Mr. Jonsson's employment income for the 2021 taxation year. Ignore all GST/HST and PST implications.

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter3: Business Income And Expenses

Section: Chapter Questions

Problem 8MCQ

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Airline Tickets	$2,390
Office Supplies And Shipping Costs	385
Purchase Of Laptop Computer	2,095
Client Entertainment	1,780
Cost Of New Car	24,200
Operating Costs Of Car	6,600

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