Reference no: EM132834088
Question - Peter lives and works in Ontario as an internal auditor for a public corporation. She is required to travel for work. Ms. E. provides you with the following information for 2020:
Gross Salary $60,000
Income Tax Withheld 15,900
CPP Contributions - Employee 2,898
EI Contributions - Employee 856
Registered Pension Plan Contributions - Employee 3,000
Charitable Donations 100
Reimbursement Paid by Employee for Use of Company Vehicle 300
Employer paid Ms. E.'s private health care premiums 625
Ms. E. has the use of a company car for the entire year. She drove the car a total of 25,000 kilometers. 20% of those kilometers were for personal reasons. The company paid the car's annual $3,200 operating costs and $4,500 lease payments.
Ms. E's employer gives her a monthly travel allowance of $400 and requires her to pay for her own meals and accommodations while traveling for work. She spent $3,000 on meals and entertainment, and $4,000 for accommodations.
Ms. E. made a $1,500 contribution to a Registered Retirement Saving Plan. She paid $300 in professional dues and paid a lawyer $200 attempting to collect wages owing to her from a previous employer.
Required - Calculate Net Employment Income for 2020 (Division B, Subdivision a). Show all calculations.