Ms. Matilda Bracken accepted a new position with RPL on May 1, 2022 and as...
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Ms. Matilda Bracken accepted a new position with RPL on May 1, 2022 and as a result she moved from Windsor, Ontario to London, Ontario.
She moves into a new home in London on December 1, 2022.
In order to assist her move, RPL agreed to compensate her for one-half of the $100,000 loss on the sale of her Windsor home. The $50,000 payment was made on December 1, 2022.
What would be the impact on employment income as a result of this transaction?
A.
Decrease in employment income of $50,000
B.
Increase in employment income of $17,500
C.
Increase in employment income of $50,000
D.
Decrease in employment income of $17,500
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