Ms. E. lives and works in Ontario as an internal auditor for a public corporation. She is required to travel for work. Ms. E. provides you with the following information for 2020: Gross Salary Income Tax Withheld CPP Contributions - Employee El Contributions - Employee Registered Pension Plan Contributions – Employee Charitable Donations $60,000 15,900 2,898 856 3,000 100 300 Reimbursement Paid by Employee for Use of Company Vehicle Employer paid Ms. E.'s private health care premiums 625 Ms. E. has the use of a company car for the entire year. She drove the car a total of 25,000 kilometers. 20% of those kilometers were for personal reasons. The company paid the car's annual $3,200 operating costs and $4,500 lease payments. Ms. E's employer gives her a monthly travel allowance of $400 and requires her to pay for her own meals and accommodations while traveling for work. She spent $3,000 on meals and entertainment, and $4,000 for accommodations. Ms. E. made a $1,500 contribution to a Registered Retirement Saving Plan. She paid $300 in professional dues, and paid a lawyer $200 attempting to collect wages owing to her from a previous employer. Required: Calculate Net Employment Income for 2020 (Division B, Subdivision a). Show all calculations.

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Your Question:
Ms. E. lives and works in Ontario as an internal auditor for a public corporation. She is
required to travel for work. Ms. E. provides you with the following information for 2020:
Gross Salary
Income Tax Withheld
CPP Contributions - Employee
El Contributions - Employee
Registered Pension Plan Contributions – Employee
Charitable Donations
$60,000
15,900
2,898
856
3,000
100
300
Reimbursement Paid by Employee for Use of Company Vehicle
Employer paid Ms. E.'s private health care premiums
625
Ms. E. has the use of a company car for the entire year. She drove the car a total of
25,000 kilometers. 20% of those kilometers were for personal reasons. The company
paid the car's annual $3,200 operating costs and $4,500 lease payments.
Ms. E's employer gives her a monthly travel allowance of $400 and requires her to pay
for her own meals and accommodations while traveling for work. She spent $3,000 on
meals and entertainment, and $4,000 for accommodations.
Ms. E. made a $1,500 contribution to a Registered Retirement Saving Plan. She paid
$300 in professional dues, and paid a lawyer $200 attempting to collect wages owing to
her from a previous employer.
Required: Calculate Net Employment Income for 2020 (Division B, Subdivision a).
Show all calculations.
Transcribed Image Text:Ms. E. lives and works in Ontario as an internal auditor for a public corporation. She is required to travel for work. Ms. E. provides you with the following information for 2020: Gross Salary Income Tax Withheld CPP Contributions - Employee El Contributions - Employee Registered Pension Plan Contributions – Employee Charitable Donations $60,000 15,900 2,898 856 3,000 100 300 Reimbursement Paid by Employee for Use of Company Vehicle Employer paid Ms. E.'s private health care premiums 625 Ms. E. has the use of a company car for the entire year. She drove the car a total of 25,000 kilometers. 20% of those kilometers were for personal reasons. The company paid the car's annual $3,200 operating costs and $4,500 lease payments. Ms. E's employer gives her a monthly travel allowance of $400 and requires her to pay for her own meals and accommodations while traveling for work. She spent $3,000 on meals and entertainment, and $4,000 for accommodations. Ms. E. made a $1,500 contribution to a Registered Retirement Saving Plan. She paid $300 in professional dues, and paid a lawyer $200 attempting to collect wages owing to her from a previous employer. Required: Calculate Net Employment Income for 2020 (Division B, Subdivision a). Show all calculations.
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