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AP 10-5 (Employment Income with RRSP) Ms. Stratton has been the controller for a large publicly traded corporation for the last five years. The following

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AP 10-5 (Employment Income with RRSP) Ms. Stratton has been the controller for a large publicly traded corporation for the last five years. The following information relates to the year ending December 31, 2021 : 1. Ms. Stratton had a gross salary of $130,000, from which her employer withheld the follow ing amounts: 2. It is the policy of the company to pay one-half of the cost of certain benefit plans. The following represents the employer's 50% portion of the following costs made on behalf of Ms. Stratton: 3. Ms. Stratton's employer paid $2,300 for her annual membership in the Hot Rocks Curling Club. Ms. Stratton uses the club largely for employment-related entertaining. 4. Ms. Stratton was awardod a one-week trip to Bermuda by hor employer for being with the company for 15 long years. The FMV of this trip was $5,000. 5. Ms. Stratton is required to travel to the offices of her employer's clients on a regular and continuing basis. As a result, her employer reimburses her for actual expenses. These payments totalied $8,462 for the yeat. 6. During the year, Ms. Stratton paid professional dues of $225. 7. During the year, Ms. Stratton made contributions to an RRSP in the amount of $20,000 and to a TFSA in the amount of S6,000 (her maximum contribution rooml. At the end of 2020, Ms. Stratton's unused RRSP deduction room was nil and she had no undeducted RRSP contributions. Her employer reported that she had a 2020 PA of $5,560. Het earned income for 2020 is equal to her 2021 earned income. Required: A. Calculate Ms. Stratton's employment income for the year ending December 31, 2021, and indicate the reasons that you have not included items in your calculations. Ignore any GST/ HST \& PST implications. B. Calculate Ms. Stratton's maximum RRSP deduction for 2021. C. Comment on the advisability of her $20,000 RRSP contribution

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