Use of a company gym on site (recreational facility) is:Multiple ChoiceNot taxable but subject to CPP deductionsNot taxableTaxable with CPP and El deductionsTaxable with CPP deductions but not ElTaxable with El deductions but not CPP

Recreational facilities are those which are provided by the company whether on billable or…

Use of a company gym on site (recreational facility) is: Multiple Choicg Not taxable but subject to CPP deductions Not toxable Taxable with CPP and El deductions Taxable with CPP deductions but not El Taxable with El deductions but not CPP

Use of a company gym on site (recreational facility) is: Multiple Choicg Not taxable but subject to CPP deductions Not toxable Taxable with CPP and El deductions Taxable with CPP deductions but not El Taxable with El deductions but not CPP

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Use of a company gym on site (recreational facility) is:
Multiple Choice
Not taxable but subject to CPP deductions
Not taxable
Taxable with CPP and El deductions
Taxable with CPP deductions but not El
Taxable with El deductions but not CPP

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