Problem
Ms. Marsh has been employed by the Ace Distributing Company for the past three years. During 2019, the following amounts were credited to Ms. Marsh's payroll account:
1. Salary of $40,500 as per her employment contract.
2. Reimbursement of employment related travel costs as per invoices supplied by Ms. Marsh totaling $4,250.
3. Reimbursement of $1,100 in tuition fees for a work-related course.
4. A $1,560 dividend on Ace Distributing Company shares acquired through the employee purchase program.
5. Fees of $1,200 for serving as the employee's representative on the Company's board of directors.
From the preceding credits to Ms. Marsh's payroll account, the following amounts were withheld by the Company:
Income taxes $6,423
Premiums on group medical insurance 342
Contributions to registered pension plan 1,400
With respect to the registered pension plan, the Company also made a $1,400 contribution on behalf of Ms. Marsh. In addition to the preceding, Ms. Marsh made the following payments during the year:
Dental expenses $1,250
Charitable donations 275
Costs of moving to a larger apartment 2,800
Tuition fees for work related course (reimbursed) 1,100
Life insurance premiums 850
Cost of travel to and from place of employment 620
Cost of employment related travel (reimbursed) 4,250
The dental expenses were not covered by her medical insurance.
Task
Calculate Ms. Marsh's net employment income for the 2019 taxation year. Provide reasons for omitting items that you have not included in your calculations. Ignore all GST implications