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QUESTION 1 8 2 0 pointsOn January 2 , 2 0 2 3 , Ms . Shirley Kantor moves from London, Ontario, to Thunder Bay,

QUESTION 1820 pointsOn January 2,2023, 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 TaxRegistered Pension Plan (RPP) ContributionsNEL Makes a matching contribution)El PremiumsCPP ContributionsUnited way DonationsProfessional Association Dues4345003,2001,0023,754450other intormation.1. Shirley's moving expenses total $6,800. NEL reimbursed Shirley for 100% of these expenses.2. For the 2023 year, Shirley was awarded a bonus of $32,000. Of this total, $25,000 was paid in 2023, with the remainder of $7,000 paid in January of 2024.3. NEL provided Shirley with an automobile to be used for employment purposes and paid all of the operating expenses which totaled $8,100 for 2023. The cost of the automobile was $39,550, including HST of $4,550. The automobile was available to Shirley through all of 2023. She drove a total of 63.000 kilometers of which 8,000 were for personal use and 55,000 for employment purposes.4. In negotiating her employment with NEL, Shirley had asked for a $50.000 interest free loan as one of her benefits. NEL's human resources department indicated that the CEO would not approve any employee loans. However, they agreed to advance $50,000 of her 2024 salary November 1,2023. Shirley accepted5. In her employment related travels, Shirley has accumulated over 100,000 Aeroplan points. In 2023, she and her partner Diane used 50,000 of these points for a weekend flight to New York City. If she had purchased them, the tickets would have cost $940. The accumulation of the points is not considered an alternative means of remuneration.6. NEL provided Shirley with the following additional benefits:Clothing allowanceSquash Club membership (No Employment Related Use)Financial Reviser rees5548D2,8001,2007. Shirley's previous employer was a CCPC. In 2022, she was granted options to buy 500 of the company's shares at $20 per share. This option price was higher than the estimated FMV of the company's shares at the time the options were granted. On January 2,2023, Shirley exercised these options. At this time the FMV of the shares was $28 per share. Shirley immediately sells the shares for $28 per share.8. Shirley was required by her employer to purchase a laptop computer to be used for employment purposes. At the beginning of 2023, she purchased the laptop for $1,356, including HST of $256. In 2023, she spent $150 for computer related supplies.9. Shirley is required by the terms of her employment contract to maintain her professional status.Required: Determine Shirley's 2023 employment income.
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