Example $3$: Bonus with Housing Allowance

Annulal Salary: $$65,000$

Performance Bonus: $$5\mathrm{.}000($taxable$)$

Housing Allowance: $$1,000$ per month $($taxable$)$

Non$-$Taxable Professional Development Reimbursement: $$2\mathrm{.}000$ per y

Question:

Caiculate the employee's total taxable income for the year, including the

allowance.

Assume bi$-$weekly pay period, CCl and BC resident