Olin Packett is a CGA-CPA and is employed by a Canadian private corporation.For 2020, his gross salary was $82,000 and thefollowing amounts were withheld from his gross salary:

Federal IncomeTax$25,000

Employment Insurance Premiums856

CanadaPension PlanContributions2,732

Registered Pension Plan Contributions12,000

Charitable contributions (Centraide)1,000

For 2020 Olin also had the following taxable benefits added to his T4:

Automobile Benefit$13,200

Housing Benefit$32,000

Finally, for 2020 Olin also paid for the following revenues and expenses which were not reimbursed by his employer:

Revenues:

Taxable Capital Gain on sale of shares$50,000

Taxable Dividends on shares$12,000

Expenses:

Tuition fees for a business managementcourse($2,500)

Professional dues paid to CPAassociation($2,400)

Premiums paid on life insurancepolicy($1,720)

Spousal support paid during the year($24,000)

Which of the following answers corresponds to Olin's Net Employment Income for the year 2020?

a) $174,800

b) $116,992

c) $82,000

d) None of the choices shown.

e) $136,800

f) $95,212

g) $127,200

h) $124,800