Mo Ney works for Cash Me Outside, How Bout Dat. Mo Ney is promised an annual salary of $150,000 per year. Due to payroll cycles, $5,000 of this $150,000 is not paid out until January 2024. The rest is paid in cash to Mo Ney during 2023. Cash Me Outside, How Bout Dat Inc. also declares a bonus of $200,000 to Mo Ney on July 24, 2023 for hitting sales targets in the first half of 2023. The bonus is actually paid on December 23, 2026. The company's year end is July 31, 2023. Individuals have a December 31 tax year-end.
a. Calculate Mo Ney's net employment income for 2023.
