On January 2, 2020, Ms. Shirley Kantor moves from London, Ontario, to Thunder Bay, Ontario, in order to begin employment with Northern Enterprises Ltd. (NEL). Her salary for the year was $142,000. NEL withheld the following amounts from her earnings:

Federal And Provincial Income Tax $32,500

Registered Pension Plan Contributions (NEL Makes A Matching Contribution) 3,200

EI Premiums 860

CPP Contributions 2,749

United Way Donations 450

Professional Association Dues 1,250

The following benefits are received:

1. Free parking- The value of $2,300.

2. Wedding or birthday gifts of up to $700.

3. All-expense paid holiday won as part of a sales contest is 4,500.

4. The employee uses frequent flyer points for a personal trip. The points of $500 were earned as a result of business trips.

5. The company provides an employee discount of 24% for all employees on products sold by Auto Supply. For 2020, the employee purchased for $10,000.

6. The company pays to provide financial counselling for $500, and the preparation of their personal tax returns for $700.

7. The company will pay for annual professional dues for employees. For example, accountants and lawyers. Required: Calculated the net income for the year.