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Self Study Problem Ten - 4 (Employment Income With RESP) During the year ending December 31, 2013, Ms. Nancy Harcourt earned a gross salary of

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Self Study Problem Ten - 4 (Employment Income With RESP) During the year ending December 31, 2013, Ms. Nancy Harcourt earned a gross salary of $22,000. Her employer withheld the following amounts from her salary: Canada Pension Plan Contributions $ 2,594 Employment insurance Premiums 050 Income Taxes 10,500 Registered Pension Plan Contributions 4,200 Parking Fees - Company Garage 400 Donations To United Way 300 Union Dues 300 Other Info rmation: 1. Ms. Harcourt is a member of her employer's money purchase RPP. Her employer made a contribution on her behalf that was equal to the $4,200 contribution that was withheld from her salary. Ms. Harcourt was the year's top salesperson. The award from her employer was an all expense paid trip to the Bahamas in December, 20113. The cost of this trip was $5,500 and, in addition, Ms. Harcourt was provided with $1,000 in cash for incidental expenses during the month that she was on the trip. Ms. Harcourt's employer provides her with a car that cost the company $53,000, plus $5,030 of HST. The employer purchased the car in 201?. Ms. Harcourt drives the car a total of 36,000 kilometers during the year, 115,000 kilometers of which were for employ- ment related purposes. The car was used by Ms. Harcourt for the entire year, with the exception of the one month that she was in the Bahamas. Her employer required that the car he left in the company garage during the month that it was not in use. Ms. Harcourt's employer provides a 20 percent discount to employees on all merchandise sold by the enterprise. During the year, Ms. Harcourt purchased merchandise with a list price of $1 2,000 and received a discount of $2,400. In addition to her employment income, Ms. Harcourt had taxable capital gains from stock market trading of $0,200, a net rental loss of $3,900, and a self-employed business loss of $24,600. At the end of 201 2, Ms. Harcourt's Unused RRSP Deduction Room was $4,500 and she had no undeducted RESP contributions. Her employer reported that she had a 2012' Pension Adjustment of $2,000. Assume her Earned Income for 201? is equal to her 2013 Earned Income. Required: A. Calculate Ms. Harcourt's net employment income for the year ending December 31, 201B. 13. Calculate Ms. Harcourt's maximum deductible RRSP contribution for 2010

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