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Assignment Problem Ten - 5 (Employment income With RESP) Ms. Stretton has been the controller for a large publicly traded corporation for the last five

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Assignment Problem Ten - 5 (Employment income With RESP) Ms. Stretton 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, 2020: 1. Ms. Stratton had a gross salary of $130,000, from which her employer made the following deductions: Income taxes $33342 Registered Pension Plan contributions 2,390 Employment Insurance premiums 856 Canada Pension Plan contributions 2.898 Contributions to registered charities 1.600 Employee's portion of benefit plans {See Point 2 below) 1,436 2. It is the policy of the company to pay one-half of the cost of certain benefit plans.The follow- ing amounts were paid by the company for Ms. Stratton: Group term life insurance 5 96 Provincial health insurance plan 482 Dental plan 173 Major medical care {Private insurer) 396 Group income protection 239 Total $1,438 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

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