What is the impact on stirlings employment income

Assignment Help Accounting Basics

Reference no: EM133017223

Question: Stirling owns a vehicle which he is required to use in his duties of employment. He estimates that in 2013 the CCA based on his employment use would be $ 5,000. His gas, oil, and maintenance expenses (paid by Stirling and pro-rated for employment use) were $4,500. He receives an allowance based on prescribed rates which his employer considers to be a reasonable allowance. This year Stirling received $10,500 based on 21,250 km driven related to his employment. What is the impact on Stirling's employment income?

Reference no: EM133017223

Questions Cloud

Describe the chain of events that exposed the company : Describe the chain of events that exposed the company to networks risks, causing financial losses and What actions that the company should have taken in order

Explain the importance of taking organisational requirements : Explain the importance of taking organisational requirements into account when identifying and implementing learning and development needs.

Elements from the theory to the variables of study : Choose an appropriate theory or model to motivate(Find from journal/google scholar)

Contrast three different health care service organizations : Apply and identify motivation strategies implemented by health care managers that can be used to motivate employees.

What is the impact on stirlings employment income : What is the impact on Stirlings employment income - Stirling owns a vehicle which he is required to use in his duties of employment.

Identifying a colleague in need of additional support : Plan, prepare, and facilitate at least one structured debriefing selecting an appropriate environment for a debrief following an incident involving stress by:

What weight should you use for preferred stock : What weight should you use for preferred stock in the computation of FarCry's WACC? (Round your answer to 2 decimal places.)

Four main players in export and import transactions : Name the four main players in export and import transactions.Explain the purpose of a letter of credit.

Influence of changes in the south african : The influence of changes in the South African context on curriculum by briefly referring to the most important economic, social and political forces.

User Account

All Pages