Case Study 2: During the current year, Jonathan Beasley has…
Case Study 2: During the current year, Jonathan Beasley has the following expenses: Utility expenses for Home $2,500Maintenance and Repairs for Home 3,100Municipal property tax for Home 5,400House Insurance 1,300Interest on Mortgage 4,600Home Telephone Monthly Charge 600Separate Line Monthly Charge 480Employment/Business related Long Distance Charges 560Home Internet Access Fees 720 Mr. Beasley estimates that he uses 18% of his home, including a component for common areas, and 30% of his home internet service for employment/business related purposes. Maximum CCA on 100% of the home would be $12,000. Determine the maximum deduction that could be claimed assuming:A. The individual is an employee with $72,000 in income (no commissions).B. The individual is an employee with $72,000 in commission income.C. The individual carries on a business as a sole proprietor (e.g. self-employed )and earns $72,000 in business income.