During the current year, Jonathan Beasley has the following costs: Mr. Beasley estimates that he uses 18 percent of his residence and 30 percent of his home internet service for employment/business related purposes. Maximum CCA on 100 percent of the house would be $12,000. Determine the maximum deduction that would be available to Mr. Beasley assuming:
A. He is an employee with $72,000 in income (no commissions).
B. He is an employee with $72,000 in commission income.
C. He is self-employed and earns $72,000 in business income.

Question

During the current year, Jonathan Beasley has the following costs:  Mr. Beasley estimates that he uses 18 percent of his residence and 30 percent of his home internet service for employment/business related purposes. Maximum CCA on 100 percent of the house would be $12,000. Determine the maximum deduction that would be available to Mr. Beasley assuming:
A. He is an employee with $72,000 in income (no commissions).
B. He is an employee with $72,000 in commission income.
C. He is self-employed and earns $72,000 in business income.

Quizplus · Accepted Answer

The Answer of During the current year, Jonathan Beasley has the following costs:  Mr. Beasley estimates that he uses 18 percent of his residence and 30 percent of his home internet service for employment/business related purposes. Maximum CCA on 100 percent of the house would be $12,000. Determine the maximum deduction that would be available to Mr. Beasley assuming:
A. He is an employee with $72,000 in income (no commissions).
B. He is an employee with $72,000 in commission income.
C. He is self-employed and earns $72,000 in business income.

During the Current Year, Jonathan Beasley Has the Following Costs