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Compute Susanna's net income from employment for the current year.Screen</h1><p class='abPRemoveTitle'> Shot 2019-10-14 at 1.07.54 AM.pngScreen Shot 2019-10-14 at 1.06.42 AM.png

Screen Shot 2019-10-14 at 1.06.42 AM.png

Deductions from gross pay
Employment Insurance contributions . . . . .
Canadian Pension Plan contributions
Union dues
Income tax paid . .
Net pay . . . . ..
Expenses to earn commission income
Meals and entertainment . .
Hotel and travel incidentals
Airfare . . .
Total . . .
$ 5,880
MBI also granted Susanna a stock option, which she exercised in April of the current year. The
following information relates to the stock option:
Number of shares for options exercised .
Fair market value - grant date . .
Option price . . . .
Fair market value - exercise date . .
Susanna's employer did not reimburse her, or provide her with an allowance for the expenses
incurred to earn commission income. However, MBI did expect her to take clients out for lunch and
travel when necessary.
Compute Susanna's net income from employment for the current year.

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