2 AaBb Cc AaBbCcb AaBb Cel AaBbc Aabbcc AaBbce E = E- Heading 1 1 Normal Subtitle Title 1 No Space Heading 2 Paragraph Styles Q4. (35 minutes, 30 marks) SHOW ALL CALCULATIONS REQUIRED: Calculate Claude's net employment income for tax purposes for the year ending December 31, 2020. If any of the above items do not affect the calculation of net employment income, please enter a description of the item and enter a "0". Claude Fraser is a software engineer for Noka Software Limited. His base salary for the year ending December 31, 2020 is $145,000. Additional data is below: 1. For the 2020 taxation year, Claude's employer withheld the following amounts from his income: a) Federal Income Tax $42,500 b) Canada Pension Plan Contributions 2,898 856 c) Employment Insurance Premiums d) Registered Pension Plan Contributions 13,200 1,000 e) Donation to registered charity 1,140 f) Union Dues 700 by) Automobile Reimbursement (see below) 850 h) Premiums on disability insurance policy 2. He was awarded a $30,000 bonus, of which 1/4 was paid in 2020 and the balance will be paid in January 2021. tribution to his registered pension plan, and also 2 AaBb Cc AaBbCcb AaBb Cel AaBbc Aabbcc AaBbce E = E- Heading 1 1 Normal Subtitle Title 1 No Space Heading 2 Paragraph Styles Q4. (35 minutes, 30 marks) SHOW ALL CALCULATIONS REQUIRED: Calculate Claude's net employment income for tax purposes for the year ending December 31, 2020. If any of the above items do not affect the calculation of net employment income, please enter a description of the item and enter a "0". Claude Fraser is a software engineer for Noka Software Limited. His base salary for the year ending December 31, 2020 is $145,000. Additional data is below: 1. For the 2020 taxation year, Claude's employer withheld the following amounts from his income: a) Federal Income Tax $42,500 b) Canada Pension Plan Contributions 2,898 856 c) Employment Insurance Premiums d) Registered Pension Plan Contributions 13,200 1,000 e) Donation to registered charity 1,140 f) Union Dues 700 by) Automobile Reimbursement (see below) 850 h) Premiums on disability insurance policy 2. He was awarded a $30,000 bonus, of which 1/4 was paid in 2020 and the balance will be paid in January 2021. tribution to his registered pension plan, and also