Lain works as a stagehand for the City Opera and Ballet Theatre. His base salary for last year was $60,000. At the end of the year, he received a bonus of $4,000. He also received $900 in interest from a non-registered GIC. During the year, Iain paid annual union dues of $1,000 through payroll deductions. He also made spousal support payments to his ex-wife of $600 per month.

REQUIRED:

What is Iain’s earned income for last year? Show all of your work.