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On January 12, 2023, Desmond Doss a professional engineer, moved from Toronto to Kingston to begin employment with Camden Ltd., a large public corporation. Because
On January 12, 2023, Desmond Doss a professional engineer, moved from Toronto to Kingston to begin employment with Camden Ltd., a large public corporation. Because of his new employment contract, Jackson requires assistance in determining his employment income for tax purposes. He has provided the following financial information: His salary is $95,000. From this, Camden deducted the appropriate income tax, Employment Insurance premiums of $1,002, Canada Pension Plan contributions of $3,754, registered pension plan payments of $6,000, and charitable donations of $1,200. Camden provides its executives with a bonus plan. Desmond's 2023 bonus was $20,000, of which $5,000 was received in December and the balance in March 2024. In November, Desmond asked his empl
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