Calculate income from employment for the current year


Assignment Problem: Although Cindy stated to work for Joel Inc. on January 1, 2022, her family did not move to Calgary from Toronto until March 15th, 2022. The company reimbursed Cindy for all the moving costs of $10,000 and an actual loss on the sale of Cindy's Toronto home of $30,000

Required:

Cindy would like you to calculate her income from employment for the current year. Please cross-reference your answer to the appropriate sections of the Act to each of the items included in the employment income. To avoid losing partial points, please make sure to (1) present the 4 calculation process for items that are not given directly in the question, and (2) list as "items omitted" for any of the above amounts omitted in the calculation of employment income with the appropriate cross-reference (why omitted) as well.

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Finance Basics: Calculate income from employment for the current year
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