Problem regarding taking out a mortgage loan


Question: Barbara works as a bank employee and her job includes travelling to visit customers who are interested in taking out a mortgage loan. Her remuneration package includes a base salary and commission and the bank does not provide her with any allowance nor reimbursement for travel expenses. In 2021/22, Barbara reasonably estimates that she travelled a total of 7,500 business kilometres in visiting customers in the course of her work She has never kept a log book in relation to her car travel. In relation to the above, which of the following statements is correct? O a. Barbara cannot claim a deduction for car expenses because she did not keep a log book. O b, Barbara can claim a deduction for car expenses of $5,400. O c. Barbara can claim a deduction for car expenses of $3,600. O d. Barbara can use her reasonable estimate to claim a car expenses deduction under the log book method. O e. Barbara can claim a deduction for car expenses of $1,800.

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Accounting Basics: Problem regarding taking out a mortgage loan
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