(Answered) Doug owned a business current year information is as

Accounting

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.

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