Question: On January 1 2 , 2 0 2 4 , Kal Penn a professional engineer, moved from Toronto to Kingston to begin employment with Carden

On January 12,2024, Kal Penn a professional engineer, moved from Toronto to Kingston to begin employment with Carden Ltd., a large public corporation. Because of his new employment contract, Jackson requires assistance in determining his employment income for tax purposes. He has provided the following financial information:1. His salary is $99,000. From this, Camden deducted the appropriate income tax, Employment Insurance premiums of $1,049, Canada Pension Plan contributions of $4,056, registered pension plan payments of $5,000, and charitable donations of2. Camden provides its executives with a bonus plan. Kal's 2024 bonus was $20,000, of which $6,000 was received in December3. In November, Kal asked his employer to loan him $13,000 so that he could acquire an investment. Camden advised him that it was company policy not to make loans to employees. However, they gave him the $13,000, stipulating that it was an advance against his 2025 salary, which would be reduced accordingly.4. Kal is provided with a company car, which he drove 14,000 km for employment duties and 8,000 km for personal use. The car is leased at $500 per month. Camden paid the total operating costs of $7,000. The car was available for personal use5. Kal's moving expenses to transport his belongings to Edmonton were $3,000. Camden paid this cost directly to a moving company on Desmond's behalf.6. Kal travels extensively for Camden. In December, he and his spouse used some of the travel points he had accumulated from this travel to attend his father's funeral in Montreal. As a result, he saved the normal airfare of $500 per ticket.7. Camden pays the following additional amounts for Kal:a. $3,600 for Allowance ($300 per month) for acquiring executive apparel (ex. suits, ties, dress shirts)b. $600 for Investment counselor fees as part of Camden's counseling programc. $1,500 for Golf club duesd. $1,000 for Dues to the engineers associatione. $3,200 for Laptop computer and printerf. $300 for Computer supplies (paper, etc.)g. Camden has asked each senior executive to acquire a laptop computer and related supplies at their own expense for work during travel.9. Kal sold 1,000 shares of Evert Inc. (his former employer) at $10 per share. Evert is a Canadian-controlled private corporation.The shares were purchased under a stock-option plan in 2021 at $3 per share. The appraised value at that time was $5 per share.1. What amount of Salary will affect Employment Income?2. What amount of Bonus will affect Employment Income?3. What amount of Canada Pension Plan (CPP) will affect Employment Income?4. What amount of Employment Insurance (EI) will affect Employment Income?5. What amount of Registered Pension Plan (RPP) will affect Employment Income?6. What amount of Donations will affect Employment Income?7. What amount of Loan Benefit will affect Employment Income?8. What amount of Loan Benefit will affect Employment Income?9. What amount of the automobile's Standby Charge Benefit will affect Employment Income?10. What amount of the automobile's Operating Cost Benefit will affect Employment Income?11. What amount of Moving Expenses will affect Employment Income?12. What amount of Airfare Expenses/Travel Points Benefit will affect Employment Income?13. What amount of Clothing Allowance will affect Employment Income?14. What amount of Investor Counselor Fees will affect Employment Income?15. What amount of Golf Club Dues will affect Employment Income?16. What amount of Engineering Dues will affect Employment Income?17. What amount of Laptop On January 12,2024, Kal Penn a professional engineer, moved from Toronto to Kingston to begin employment with Carden Ltd., a large public corporation. Because of his new employment contract, Jackson requires assistance in determining his employment income for tax purposes. He has provided the following financial information:1. His salary is $99,000. From this, Camden deducted the appropriate income tax, Employment Insurance premiums of $1,049, Canada Pension Plan contributions of $4,056, registered pension plan payments of $5,000, and charitable donations of2. Camden provides its executives with a bonus plan. Kal's 2024 bonus was $20,000, of which $6,000 was received in December3. In November, Kal asked his employer to loan him $13,000 so that he could acquire an investment. Camden advised him that it was company policy not to make loans to employees. However, they gave him the $13,000, stipulating that it was an advance against his 2025 salary, which would be reduced accordingly.4. Kal is provided with a company car, which he drove 14,000 km for employment duties and 8,000 km for personal use. The car is leased at $500 per month. Camden paid the total operating costs of $7,000. The car was available for personal use5. Kal's moving expenses to transport his belongings to Edmonton were $3,000. Camden paid this cost directly to a moving company on Desmond's behalf.6. Kal travels extensively for Camden. In December, he and his spouse used some of the travel points he had accumulated from this travel to attend his father's funeral in Montreal. As a result, he saved the normal airfare of $500 per ticket.7. Camden pays the following additional amounts for Kal:a. $3,600 for Allowance ($300 per month) for acquiring executive apparel (ex. suits, ties, dress shirts)b. $600 for Investment counselor fees as part of Camden's counseling programc. $1,500 for Golf club duesd. $1,000 for Dues to the engineers associatione. $3,200 for Laptop computer and printerf. $300 for Computer supplies (paper, etc.)g. Camden has asked each senior executive to acquire a laptop computer and related supplies at their own expense for work during travel.9. Kal sold 1,000 shares of Evert Inc. (his former employer) at $10 per share. Evert is a Canadian-controlled private corporation.The shares were purchased under a stock-option plan in 2021 at $3 per share. The appraised value at that time was $5 per share.1. What amount of Salary will affect Employment Income?2. What amount of Bonus will affect Employment Income?3. What amount of Canada Pension Plan (CPP) will affect Employment Income?4. What amount of Employment Insurance (EI) will affect Employment Income?5. What amount of Registered Pension Plan (RPP) will affect Employment Income?6. What amount of Donations will affect Employment Income?7. What amount of Loan Benefit will affect Employment Income?8. What amount of Loan Benefit will affect Employment Income?9. What amount of the automobile's Standby Charge Benefit will affect Employment Income?10. What amount of the automobile's Operating Cost Benefit will affect Employment Income?11. What amount of Moving Expenses will affect Employment Income?12. What amount of Airfare Expenses/Travel Points Benefit will affect Employment Income?13. What amount of Clothing Allowance will affect Employment Income?14. What amount of Investor Counselor Fees will affect Employment Income?15. What amount of Golf Club Dues will affect Employment Income?16. What amount of Engineering Dues will affect Employment Income?17. What amount of Laptop

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