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Cynthia Chan recently hired you to file his 2022 tax return. She provides you with the following information: 1) She is hired as a marketing

Cynthia Chan recently hired you to file his 2022 tax return. She provides you with the following information: 1) She is hired as a marketing supervisor by ABC Limited, a public corporation. According to the pay stubs, her gross salary was $75,000 and the following amounts were deducted in 2022: Income tax $19,000 Canada Pension Plan and Employment Insurance 4,453 Registered pension plan contribution 2,500 Donation to local charities 1,000 2) Cynthia was provided a company car at the beginning of the year. ABC Limited paid $40,000 (including tax) for the car. During the year, she drove a total of 20,000km, of which 80% were for employment purposes. The employer paid all of the operating cost, which totalled $4,300. 3) On her birthday, her company bought her a present - a painting valued at $400. 4) She was married on Nov 2022 and her company provided a wedding gift - a cutlery set valued at $350 5) Her company also paid for the private health service plan that provides Cynthia with dental, vision, prescription drugs, and other medical needs. The annual premium was $800. 6) on March 1, 2022, Cynthia received a $80,000 loan which she used it toward the purchase of her house. The loan bears interest of 2% per year and the interest is payable monthly. The principal amount is repayable at the end of five years. The prescribed interest rate for the first and second quarters were 4% and the third and fourth quarters were 5%. Required Determine the employment income for tax purposes for the year 2022.

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