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Ms. E. lives and works in Ontario as an internal auditor for a public corporation. She is required to travel for work. Ms. E.
Ms. E. lives and works in Ontario as an internal auditor for a public corporation. She is required to travel for work. Ms. E. provides you with the following information for 2020: Gross Salary Income Tax Withheld CPP Contributions - Employee El Contributions - Employee Registered Pension Plan Contributions - Employee Charitable Donations Reimbursement Paid by Employee for Use of Company Vehicle Employer paid Ms. E.'s private health care premiums $60,000 15,900 2,898 856 3,000 100 300 625 Ms. E. has the use of a company car for the entire year. She drove the car a total of 25,000 kilometers. 20% of those kilometers were for personal reasons. The company paid the car's annual $3,200 operating costs and $4,500 lease payments. Ms. E's employer gives her a monthly travel allowance of $400 and requires her to pay for her own meals and accommodations while traveling for work. She spent $3,000 on meals and entertainment, and $4,000 for accommodations. Ms. E. made a $1,500 contribution to a Registered Retirement Saving Plan. She paid $300 in professional dues, and paid a lawyer $200 attempting to collect wages owing to her from a previous employer. Required: Calculate Net Employment Income for 2020 (Division B, Subdivision a). Show all calculations.
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