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Question - ALEX Company is a private company that engages in trading business in Vancouver.
In 2021, the company generated sales revenue of $452,300.
It had the following expenses:
Salary $ 83,000
Rent: 36,000
Cost of sales 168,000
Vehicle licence fee and gas 12,800 (Personal use: 25%)
Mobile phone 1,800 (Personal use: 60%)
Home rent and electricity 2,700 (Home office use: 30%)
Advertising 2,000
Meals & Entertainment 3,600
Stationery: 2,300
Required - What was ALEX Company's 2021 tax payable?
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