10. Mary Smith is employed at XYZ Limited, a manufacturer of party supplies. During the year she received various benefits from her employer. These included gift certificates to Hudson Bay store valued at $300; a cash performance award for exceeding her sales target of $200; a 10% discount on all her purchases (worth $500) which was available to all employees; a wedding gift of $300; a holiday gift (fruit basket) worth $400 and the payment of her private health care premiums worth $500. Her employer also contributed $3,000 into her Registered Pension Plan (RPP) during the year. Based on the above information answer the following three (3) questions: (i) The payment of the private health care premium must be included in income. True or False (ii) The contribution made by the employer to Mary's registered pension plan must be included in income. (!!!) True of False The total value of the gifts and awards which must be included in income as a taxable benefit is: A) $1,500 B) $1,200 C) $700 D) $500