Paul Fenson is employed as a shipping supervisor. In the evenings and on weekends, he holds a second job as a real estate salesman for a national real estate firm. His financial information for 2020 is as follows: 1. His salary from his day job is $66,000 per annum. However, the employer deducts a number of items from his salary, and so his net take-home pay is only $40,846. The following amounts were deducted in 2020: Income tax Union dues $11,000 700 Canada Pension Plan 2,898 Employment Insurance premiums 856 Registered pension plan contribution 3,300 Reimbursement for personal use of employer's car 700 Charitable donations remitted to United Way 800 $20,254 The employer paid the following amounts on behalf of Paul: Canada Pension Plan $2,898 Employment Insurance premiums 1,198 Registered pension plan 3,000 Premiums for a mandatory provincial health insurance plan Group term life insurance premiums ($50,000 coverage) 700 1,300 $9,096 Paul used the employer's summer camp for a one-month holiday and paid the employer $220 rent. When not being used by employees, the summer camp is rented for the normal amount of $700 per month. Although Paul owned his own car, he was provided with a company car. The car cost the company $39,000. During the year, he drove a total of 24,000 km, of which 18,000 was for personal use. The employer also paid all of the operating costs, which amounted to $3,000. During the year, he attended a shipping conference in Toronto. His spouse travelled with him at the company's expense ($1,100). The employer permitted staff to purchase merchandise from its retail outlet at the company's cost. During the year, Paul purchased for $900 merchandise with a retail value of $1,200. 2. As a real estate salesman, Paul earned a base salary of $9,000 and received commissions of $6,000. In relation to his real estate work, he incurred the following expenses: Dues to a local real estate association $440 Fee for a three-day seminar on how to be an effective 3,000 salesperson Advertising-calendars and pens 1,900 Car operating costs Promotion (meals and drinks for clients) 4,400 3,100 Personal meals (during in-town business) 440 600 Purchase of a portable telephone Paul used his own car for his real estate activities. The car has an undepreciated capital cost for tax purposes of $11,000. During the year, he drove a total of 30,000 km, of which 27,000 was related to selling real estate. His employer provided him with a monthly car allowance of $220 ($2,640 per year). Required: Determine Paul's net income from employment for 2020. Salary Holiday camp Life insurance Car Operating benefit Provincial health care Registered Pension Plan (RPP) Union dues Reimbursement for car use Car standby Benefit Conference expense for wife Real Estate Income Advertising Car Allowance Car operating expenses Limited Real Estate expenses Salesman employment salary Dues Commission Promotion Subtotal Maximum Deduction allowed Car CCA Net Employment Income 0 0