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Problem 2: Chapter 3 Instructions: 1. Johnathan is an accountant who works for Reading Railroad Ltd, which is a public company. He earns $80000
Problem 2: Chapter 3 Instructions: 1. Johnathan is an accountant who works for Reading Railroad Ltd, which is a public company. He earns $80000 in wages during the 2022 year. His employer withheld $3,500 of CPP from his paycheques, $953 of El, and $12,000 of income tax, so that he only received $63,547.00 cash throughout the year. 2. Johnathan moved during the year for work. It was an eligible relocation. His employer reimbursed the loss on the sale of his old residence. The amount of the loss reimbursement was $70000. 3. Johnathan was provided a private health care plan for his family. The employer paid $4000 of premiums for this plan. He also earned a cash bonus of $800 for being the hardest working employee during the year. Additionally, he received a large painting as a Christmas present from his employer, which has a value of $1250. 4. Johnathan went on a work trip to Florida to go to several conferences. His trip was 100% for employment purposes. He also brought his spouse and daughter along, and the two of them enjoyed going to the beach in Florida for several days while Johnathan attended his conferences. Johnathan's employer paid for the plane tickets for all three of them, which cost $1300 each. Acti
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