The following case pertains to the 2022 tax year. Angelo is employed fulltime as the Head of Human Resources at State Fund Corporation ("State Fund"), a large public corporation with its head office located in Toronto. The following information is provided regarding the taxation year: 1)

Salary	$275,000
Payroll deductions (paid by Angelo):
Employment Insurance premiums	$953
Canada Pension Plan contributions	3,500
Registered pension plan contributions	9,000
Income tax	50,400

2)

State Fund paid for the following amounts on Angelos behalf in 2021:
a.	Canada Pension Plan contributions	$3,500
b.	Employment Insurance premiums	1,334
c.	Registered pension plan contributions	9,000
d.	Gym membership	500
e.	Group term life insurance premium	700
f.	Extended health and dental premium	600
	Group sickness and accident insurance	400

3) Angelo is provided with a company car and State Fund pays the $1,000 per month lease cost. The company also pays for the annual operating costs of $3,500. Angelo drove the car for 20,000km during the year, and the travel log shows that about 30% of the total km related to performing employment duties. 4) Angelo also participates in State Fund's employee stock option plan, and three years ago was granted the option to acquire shares for $45 per share. At the time, the shares were trading for $39 per share. Angelo exercised the option in January of this year and acquired 1,000 shares (the shares were trading for $50 per share at that time). In December of this year, Angelo sold 800 shares for $52 per share. 5) State Fund allows employees to work from home two days a week. Angelo maintains a home office and allocates 10% of the housing costs (property tax, internet, utilities, and home insurance) to this office. In 2021, 10% of the total costs were $2,400. Angelo also purchased a new computer this year for $3,000 to be used exclusively for working from home. The nature of Angelo's work (HR) does not require meeting with clients of State Fund. Required: Calculate Angelo's income from employment for this year. You must provide a brief explanation for anything you have intentionally omitted from the calculation. No marks will be given for unexplained omissions.