On January 1, 2023, Hadley provided Ms. Kim with a $400,000 loan to assist with the purchase of a new home. The interest rate on the loan was 0.75% and monthly interest was withheld from each paycheque. Interest was not compounded, and there were no required monthly payments. The full amount of the loan must be repaid by December 31, 2023. Ms. Kim plans on refinancing with her bank to acquire the funds needed to make the repayment. Assume that the prescribed interest rate for each quarter of 2023 was 2%.What is the employment income?