Sylvanna Chapelle, a national sales manager at Merche Tools Ltd. in Peterborough, Ontario, presented the following information for the current taxation year.
1) Gross salary…………………………………........$48,000
Bonus based on sales…………………………………….40,000
Less payroll deductions:
Employee contribution to a Registered Pension Plan……..(4
,000)
Charitable donations — Heart Foundation………………….(150)
Canada Pension Plan contributions……………………….(2,307)
Employment Insurance contributions……………………….(840)