Question: Sue is an engineer who needs your help calculating her net employment income. She provides you with a copy of her pay stub for the

Sue is an engineer who needs your help calculating her net employment income. She provides
you with a copy of her pay stub for the current year:
Gross Salary $60,000.00
Payroll deductions:
CPP $2,500.00
EI800.00
Income tax5,000.00
RPP contribution3,000.00
Net Pay$48,700.00
- Sue earned a bonus of $10,000 in the current year. $5,000 was received in the current year , and the remainder will be received in the following tax year.
- Sues employer paid the following on behalf of Sue:
- Alberta Blue Cross private health care premiums: $650
- Sunlife life insurance premiums: $525
- Microsoft Surface Computer for exceeding her sales targets cost $735, including taxes
- Reimbursed cost of supplies Sue purchased for use on the job: $560
- Professional clothing allowance: $750(for the year)
- On July 1 of the current year. Her employer provides her with an interest-free loan amount of $10,000. The loan is to be repaid in two years. The prescribed rate for 2023 was (Q1 & Q25%, Q3 was 3%, Q4 was 2%)
- Her employer provides her with a leased car. The annual lease payments were $7,200, including $1,200 for annual insurance. Sue drove the car 46,000 kilometres, which were 22,000 kilometres for personal purposes. The car was available for Sue for the entire year.
- Sue incurred the following costs in the year: Professional dues: $875
Required:
Calculate net employment income for Sue.

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