1. A vehicle is leased for 3 months at a rate of $750 per month including HST The $ 850 include the insurance payment of $80 per month. An employee has the use of the vehicle for 80 out of 92 days. Calculate the benifits if thax act was followed strictly and strictly [ 4 marks] 2. On December 31, 2014, John Due receives options to buy 120000 shares of his employer's common stock at price of $25 per share. The employer is publicly traded company and the options are exercisable at their issue date.at this time, the shares are trading at $ 35 per share. On July 31, 2016, he exercises all of these options. At this time, the shares are trading at $43 per share. On September 30, 2017, Mr. Due sells the shares that he acquired with his options, the precedes from the sale are $ 45 per share. calculate the Increase in the taxable Income and the taxable capital Gain given: The shares are through Public company [ 6 marks] 3. Madco Ltd is a large CCPC. it has a December 31 year end. For 2014, its tax payable was $32000 while for 2015, the amount was $59000, for 2016, its expected to be $74000. What would be the minimum instalment for 2016 and when will it be due? [4 marks]