Question: Solve this please Question 12 (10 points) After being unemployed for two years, Peter Parker found employment with a large, publicly traded corporation in early

Solve this please

Solve this please Question 12 (10 points) After being unemployed for two

Question 12 (10 points) After being unemployed for two years, Peter Parker found employment with a large, publicly traded corporation in early 2018. His gross 2018 salary was $50,000 and, in addition, he earned commissions of $20,000. The corresponding figures for 2019 were $53,000 and $32,000. Deductible expenses related to the commission income were $3,000 in 2018 and $4,000 in 2019. From his earnings, Peter's employer withheld the following amounts: 2019 2018 Federal And Provincial Income Taxes $19.000 $11.000 CPP Contributions 2.749 2.594 5: El Premiums 860 858 Disability Insurance Premiums 250 250 Registered Pension Plan (RPP) Contributions 1,500 1.400 6: The Registered Pension Plan is a money purchase plan. The employer makes RPP contributions and pays disability insurance premiums equal to those amounts withheld from employee earnings for these items. In addition, the employer provided Peter with a low interest loan. The taxable benefit on this loan was $2,750 in 2018 and $2.500 in 2019 Other information for the years 2018 and 2019 is as follows

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