prob011 - Problem 11(Past exam question 45 minutes(Text Ch...

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Problem 11 (Past exam question: 45 minutes) (Text: Ch. 3) Rae Bob is currently the director of human resources for a relatively small region of Strikebusters Ltd. (SL), located in Windsor, Ontario. She is seriously considering accepting a promotion to the position of director of human resources for the company's largest office, located in London, Ontario. SL has agreed to help her finance the purchase of a new home and relocate her family to London. She has a letter from SL outlining her new job responsibilities and her compensation package, should she choose to accept the promotion. The compensation package is attractive but she is uncertain of the tax consequences. She has asked you to advise her. In addition to an annual salary of $125,000, SL has offered the following to Rae if she accepts the promotion: 1. Rae is to receive a lump-sum payment of $20,000 on January 1 of this year coinciding with the effective date of her promotion. This payment is to compensate Rae and her family for the emotional upheaval and inconvenience
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prob011 - Problem 11(Past exam question 45 minutes(Text Ch...

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