Problem 2 Employment Income Comprehensive (60 points available) Cindy Lee, a new marketing representative for a public Canadian oil county, Joel Inc. (in Calgary), has asked for your assistance regarding to computing her employment income during 2022. Because her job duties involve negotiating contracts with customers, she needs to travel extensively across Canada. Base salary Gross commissions.... Payroll deductions: Income taxes Canada Pension Plan contributions. Employment Insurance contributions Registered pension plan contributions. Union dues ..$ 42,000 ..$ 35,000 $19,950 .3,200 870 .3,500 250 (27,770) $49,230 Net pay Additional Information (1) As the present, Cindy has made several important decisions. It has brought three big contracts. Thus, the annual sale has been increased 20% (compared to previous year's 15% and industry average 12%). Based on Joel Inc compensation agreement, Cindy should have received $15,000 bonus for the achievement. However, the company only paid her $10,000 this year and has negotiated with Cindy to pay her the remaining $5,000 later towards the end of next year. (2) Joel Inc. have contributed to the following plans for Cindy in the following amounts: Group life insurance (coverage is $300,000). Registered pension plan............ Extended health care..... ..$ 600 .5,000 ...2,500 Group sickness insurance plan (Relief Assurance) ......1,025 (3) During 2022, Cindy received $ 8,000 in periodic payments from the group sickness insurance plan (Relief Assurance) in respect of an six-week illness. (4) Although Cindy stated to work for Joel Inc. on January 1, 2022, her family did not move to Calgary from Toronto until March 15th, 2022. The company reimbursed Cindy for all the moving costs of $10,000 and an actual loss on the sale of Cindy's Toronto home of $30,000. (5) In 2022, Joel Inc. paid $400 (including HST) for the preparation of Cindy's 2021 income tax return and $530 (including HST) for Cindy to see a financial planning consultant regarding physical health.