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Yuen Liwas terminated from his employment with Exit Ltd. in July 2022. In November, he began work as a commission salesperson for Kolex Ltd, a

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Yuen Liwas terminated from his employment with Exit Ltd. in July 2022. In November, he began work as a commission salesperson for Kolex Ltd, a Canadian public corporation. Yuen has asked you to help him prepare his 2022 tox return. Information regarding his employment for 2022 is outlined below: 1. Yuen's employment with Exit was terminated on July 31. His salary to that date was $62.000. Besides income tax, Exit deducted the following amounts from his salary: Exit also contributed $4,000 to an RPP and $500 to a group sickness and accident insurance plan on Yuen's behatf. Yuen took a medical stress leave from January 10 to March 15. His salary was not paid during the leave. However, he received $4,500 for loss of earnings from the group sickness and accident insurance plan, in previous years, Yuen had paid a total of $3,000 in premiums to the plan. 2. On July 31, Yuen retumed the company car to Exit, which had been available for his personal use. The car had an original cost of $35,000 and a book value of $24,000. Yuen diove the car 20,000km in 2022, of which 8,000km was for employment purposes. Exit paid the operating expenses of $2,900, 3. When his employment was terminated, Yuen poid a lomyer $800 to settle compensation issues. As a result, he received additional holiday pay of $1,000 and a retiring allowance of $6,000 for his 10 years of service. 4. Yuen collected Employment insurance of $5,400 before starting his employment with Kolex on November 1. 5. Besides a base salary of $1,000 per month, Yuen receives commissions on sales. His commission is 4% of sales. His first sales were made in late December and totalled $150,000. He recelved the related commission on January 15, 2023, On December 1, 2022, Kolex pad Yuen $1,500 as an advance against commissions. 6. Kolex certified that Yuen was required to pay his own car and other expenses. On Novernber 1, he leased a car at $1,300 per month (including 13\% HST). Operating expenses for November and December were $900 in tolol, The cor was used 70% of the time for employment purposes. 7. In December, Yuen soid 4,000 shares of Kolex Ltd. at $10 per share. He had acquired them in November under a stockoption plan at $6. At the time of acquisition, the shares were valued at $8 per share. When the option was granted, the shares were valued at $6 per shore. 8. Yuen incurred the following additional expenses: Required: Determine Yuen's employment income for tax purposes for 2022

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