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Determine doug minimum net employwent income

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Reference no: EM13509417

Doug owned a business. Current year information is as follow:

Salary Received: 67,500
Advertising and Promotion: 1250
Travel Expense: 7500
Capital Cost Allowance on Van: 1875
Interest on Van Loan: 625
*The Van is used exclusively for business

Doug meets the conditions for deducting employment income expenses.

Determine Doug's minimum net employwent income for the current year. Explain for conclusion.

Reference no: EM13509417

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