Determine minimum net employment income for current year


Doug Evans works for a company that sells video equipment. His records for the current year contain the following information,
Salary Received $61, 250
Commissions Received $6,250
Total Employment Inclusions $67, 500

Advertising&Promotion $1, 250
Traveling Expenses $7,500
Capital Cost Allowance on Van $1,875
Interest on Van Loan $625
Total Employment Deductions $11, 250

The van is used exclusively for employment related activities.

Mr. Evans meets the conditions for deducting employment income expenses. Given the proceeding information, determine Mr. Evans minimum net employment income for the current year.

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Microeconomics: Determine minimum net employment income for current year
Reference No:- TGS063094

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