Question: Using the information about Giada provided below, please calculate Giada's Employment Income for the tax year 2024 using the formula studied in class. For items

Using the information about Giada provided below, please calculate Giada's Employment Income for the tax year 2024 using the formula studied in class. For items not included, explain your reason for not including them. Your mother told her friend Giada that you are taking a tax planning course. It is now December 31, 2024. Giada works for a privately owned corporation and has generous salary and benefits. She works in sales and has a stressful job, but she loves it. Giada is not very good with her finances and has some questions about her employment income for 2024. She has asked you for help. Here is the information Giada has provided. - Giada's salary for 2024 was $87,244. - Her bonus for 2024 was $31,354 - one third was paid November 15th, 2024. The balance will be paid on January 15th, 2025. - Giada travels quite a lot for work. Her employer provides a travel allowance of $2,000 per month. At the end of the year, she adds up her actual travel expenses and it comes out to $16,455. - She was granted stock options for 100 shares in 2020. The exercise price was $25 and the market value of the company's shares was $24. She exercised the options in 2021 when the share price was $32. She sold the shares on October 4th, 2024, when the share price was $39. - She is a member of the company pension plan and makes contributions in 2024 of $5,232.66. - Giada's employer pays $1,800 for her health club membership to ensure she gets some downtime outside of work hours. - Giada's employer pays the premiums for group life insurance ($30 per month) and for health insurance ($42 per month)

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