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please anwer the question step by step Additional notes: 1. Sue earned a bonus of $10,000 in the current year. $5,000 was received in the
please anwer the question step by step
Additional notes: 1. Sue earned a bonus of $10,000 in the current year. $5,000 was received in the current year, and the remainder will be received in the following taxation year. 2. Sue's employer paid the following on behalf of Sue: Alberta blue cross private health care premiums: $650 Sunlife life insurance premiums: $525 Reimbursed cost of supplies Sue purchased for use on the job: $560 Professional clothing allowance: $750 (for the year) 3. On July 1 of the current year. Her employer provides her with an interest-free loan amount of 10,000 . The loan is to be repaid in two years. The prescribed rate for 2022 was (Q1 \& Q2: 5%,Q3:3%,Q4:2% ) 4. Her employer provides her with a leased car. The annual lease payments were $7,200, including $1,200 for annual insurance. Sue drove the car 46,000 kilometres which were 22,000 kilometres for personal purposes. The car was available for sue for the entire year. 5. Sue incurred the following costs in the year: Meals (while out of town for work): $600 Professional dues: $875 Required: Calculate net employment income for Sue. Additional notes: 1. Sue earned a bonus of $10,000 in the current year. $5,000 was received in the current year, and the remainder will be received in the following taxation year. 2. Sue's employer paid the following on behalf of Sue: Alberta blue cross private health care premiums: $650 Sunlife life insurance premiums: $525 Reimbursed cost of supplies Sue purchased for use on the job: $560 Professional clothing allowance: $750 (for the year) 3. On July 1 of the current year. Her employer provides her with an interest-free loan amount of 10,000 . The loan is to be repaid in two years. The prescribed rate for 2022 was (Q1 \& Q2: 5%,Q3:3%,Q4:2% ) 4. Her employer provides her with a leased car. The annual lease payments were $7,200, including $1,200 for annual insurance. Sue drove the car 46,000 kilometres which were 22,000 kilometres for personal purposes. The car was available for sue for the entire year. 5. Sue incurred the following costs in the year: Meals (while out of town for work): $600 Professional dues: $875 Required: Calculate net employment income for SueStep by Step Solution
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