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Required:Compute lona's income from employment. Shon / support any computations whether or not relevant to your tinzi arsetc. cite in detai the relevant provisions in

Required:Compute lona's income from employment. Shon/support any computations whether or not relevant to your tinzi arsetc. cite in detai the relevant provisions in the Income Tax Act, and provide explanatons to support al inclusions, deductions, and exclusions.Question twolona has come to you to help her compute her employment income for the year. Her details are as follows.lonal's income for the year is as follows:Salary - grossLess: CPP and El contributionsLess: RPP Contributions (matched by emplayer)(contributions are to a defined benefit pensionplan)Allowance for travel costsAllowance for gas ($300 per month)Bonus based on her sales volume$99,000(4,757)(4,100)5,0003,60018,000$116.744The total costs of travel, partially for work, are as follows:Gas, oil, and maintenanceLicense and insurance$8,0003,000$11.000lona discovered that she needed a car for work. She purchased a Volkswagen Passat on January 10,2023 for SS5,000, plus HST of 13% for a total of $62,150. She received the money to buy the car from her dad. During the year, she has driven 34,000 km for work and only 6,000 km for personal use. You know that CCA rate for cars is 30% but is limited to $36,000, and lona will quality for the accelerated investment incentive which provides a 150% CCA deduction in the year of ($3,500), accommodation (54,000), and meals ($2,500).The company does not give her an office, as she is out selling every day. She has partitioned a workspace in her home that she uses for her office. The office space takes up about 20% of the home and is used for no other purpose. The company provided all employees with a turkey at Christmas and Thanksgiving (value of $80 in total for the year). The company has deducted this expense for tax purposes.The costs associated with lona's home are as follows:Oil for furnaceTelephone service (basic monthly charge for home$ 3,000800phone)Mortgage interest6,000Long-distance calls for workProperty taxes1,0005,000Computer equipment needed for work (CCA would be $375)2,500General upkeep and maintenanceContents and property insuranceSupplies for the officeFor Use of E2,000900400$21,600Under lona's contract of employment, she is required to pay all of her own employment-related expenses as well as the costs to maintain her own office. She regularly travels out of the municipality on employment-related matters.

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