Laurae is an engineer employed by a public company. She received a salary of $70,000 in 2022. She was awarded a bonus of $10,000 for work performed in 2022 but the bonus was not paid until January 2023. In addition, Laurae was provided with the following employee benefits: 

-Registered pension plan contributions (employer portion) of $5,000 

-Group term life insurance premiums of $900 

 

Laurae's employment expenses were as follows: 

-Registered pension plan contributions (employee portion) of $5,000 

-Union dues of $1,100 

-Professional dues to Professional Engineers Ontario of $1,200 

 

Based on the above, what is the correct amount of Laurae's employment income for 2022? 

Answer rating: 100% (QA)

To calculate Lauraes employment income for 2022 there are several factors that need to be considered ... View the full answer