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Exercise 04-12 F is employed by a public corporation. In ye... F is employed by a public corporation. In year 1, F was granted a stock option to acquire 3,000 shares from the treasury of her employer's corporation for $10 a share. At the time of receiving the option, the shares were valued at $12 per share. In year 4, F exercised her option and purchased 3,000 shares for $30,000. At the purchase date, the shares were valued at $13 per share. In year 6, F sold 3,000 shares for $18 per share. What amount is included in F's overall net income for tax purposes in year 6? 12,000 Exercise 04-11 F is employed by a public corporation. In ye... F is employed by a public corporation. In year 1, F was granted a stock option to acquire 4,000 shares from the treasury of her employer's corporation for $11 a share. At the time of receiving the option, the shares were valued at $13 per share. In year 4. F exercised the option and purchased 4,000 shares for $44,000. At the purchase date, the shares were valued at $12 per share. In year 5, F sold 4,000 shares for $17 per share. What amount is included in F's employment income for tax purposes in year 1? 8.000 Exercise 04-15 G is employed by a Canadian-controlled private... Gis employed by a Canadian-controlled private corporation. In year 1, G was granted a stock option to acquire 2,000 shares from the treasury of his employer's corporation for $9 a share. At the time of receiving the option, the shares were valued at $11 per share. In year 3, G exercised his option and purchased 2,000 shares for $18,000. At the purchase date in year 3, the shares were valued at $14 per share. In year 6. G sold 2,000 shares for $19 per share. What amount is included in G's employment income for tax purposes in year 6? 4,000 Exercise 04-08 D is provided with the use of her employer... D is provided with the use of her employer's car throughout the current year. The car was purchased for $28,000 (including tax). The employer also pays for the operating expenses that are $2,800 annually. D drove the car 18,000 km for employment purposes and 12,000 km for personal use. What is the minimum amount to be included in D's employment income for tax purposes in the current year? 604 Exercise 04-06 On October 1 of the current year, B's e... On October 1 of the current year, B's employer provided her with the use of a car. The car was purchased for $45,000 (including tax). The employer will also pay for the operating expenses that are expected to be $2,600 annually. B will drive the car 1,500 km per month of which 300 km will be for employment purposes. What amount is included in B's employment income for tax purposes in the current year? 520 Exercise 04-07 On October 1 of the current year, C's e... On October 1 of the current year, C's employer provided him with the use of a car. The car was leased for a monthly cost of $850 (including tax). The employer will also pay for the operating expenses that are expected to be $2,500 annually. C will drive the car 1800 km per month of which 800 km will be for employment purposes. What amount is included in C's employment income for tax purposes in the current year? $ 2,540 Exercise 04-14 G is employed by a Canadian-controlled priva... G is employed by a Canadian-controlled private corporation. In year 1, G was granted a stock option to acquire 4,000 shares from the treasury of his employer's corporation for $11 a share. At the time of receiving the option, the shares were valued at $13 per share. In year 3, G exercised his option and purchased 4,000 shares for $44,000. At the purchase date in year 3, the shares were valued at $12 per share. In year 5, G sold 4,000 shares for $17 per share. What amount is included in G's employment income for tax purposes in year 12 Exercise 04-17 H is employed by a public corporation. In ye... His employed by a public corporation. In year 1, H was granted a stock option to acquire 4,000 shares from the treasury of her employer's corporation for $11 a share. At the time of receiving the option, the shares were valued at $9 per share. In year 3, H exercised her option and purchased 4,000 shares for $44,000. At the purchase date in year 3, the shares were valued at $12 per share. In year 5, H sold 4,000 shares for $17 per share. What amount is included in H's overall taxable income in year 3? $ 9,500