Bobs company ran into financial difficulty this year and he was laid off as a result of it . Bob collected employment insurance for several weeks but then decided that now was the perfect time to return to school. Bob enrolled in a doctoral program at a nearby university and immediately qualify for a $5,000 research grant. During the year he spent $3,000 on his research project.

When Bob decided to return to school, he and his common-law partner separated. Bob obtained custody of their 3-year-old son. Bobs common-law partner has paid him a lump sum of child support of $10,000 and then paid $2,000 per month pursuant to the couple’s separation agreement. A summary of Bob’s income follows: Employment income $65,000

Employment insurance 6,000

Research grant 5,000

Child support total 22,000

Required:

Calculate Bob's net income for tax purposes for 2020, including any EI clawback and provide explanations for omitted items.