Note:

Options for the first 8 boxes:

Car Operating benefit

Car standby Benefit

Conference expense for wife

Holiday camp

Life insurance

Merchandise

Provincial health care

Registered Pension Plan (RPP)

Reimbursement for car use

Salary

Union dues

Options for Real Estate Income:

Advertising

Basic cell phone plan (30%)

Car Allowance

Car CCA

Car operating expenses

Car UCC

Commission

Dues

Promotion

Salesman employment salary

Options for Limited Real estate expenses:

Advertising

Basic cell phone plan (30%)

Car Allowance

Car CCA

Car operating expenses

Car UCC

Commission

Dues

Promotion

Salesman employment salary

Options for Maximum deductions allowed:

Advertising

Basic cell phone plan (30%)

Car Allowance

Car CCA

Car operating expenses

Car UCC

Commission

Dues

Promotion

Salesman employment salary

Eric Fenson is employed as a shipping supervisor. In the evenings and on weekends, he holds a second job as a real estate salesman for a national real estate firm. His financial information for 2022 is as follows: 1. His salary from his day job is $73,000 per annum. However, the employer deducts a number of items from his salary, and so his net take-home pay is only $50,347. The following amounts were deducted in 2022 : The employer paid the following amounts on behalf of Eric: Eric used the employer's summer camp for a one-month holiday and paid the employer $240 rent. When not being used by employees, the summer camp is rented for $800 per month. Although Eric owns his own automobile, he is provided with a company car. The car costs the company $43,000. During the year, he drove a total of 24,000km, of which 20,000 were for personal use. The employer also paid all of the operating costs, which amounted to $3,000. During the year, he attended a conference in Toronto. His spouse travelled with him at the company's expense ($1,200). The employer permits staff to purchase merchandise from its retail outlet at the company's cost. During the year, Eric purchased for $1,000 merchandise with a retail value of $1,200. 2. As a real estate salesperson, Eric earns a base salary of $10,000 and receives commissions of $5,000. In relation to his real estate Eric uses his own automobile for his real estate activities. The car has an undepreciated capital cost for tax purposes of $12,000. During the year, he drove a total of 30,000km, of which 27,000 was related to selling real estate. His employer provides him with a monthly car allowance of $240 ( $2,880 per year). Required: Determine Eric's employment income for tax purposes for 2022