4 Lauren McMann is an advanced mountaineer and outdoor adventure specialist. In 2021, a headhunting firm connected her with Whitehorse Expeditions Ltd (WEL a public Canadian Other information relevant to 2021 is as follows 1 Lauren put her house on the market on January 5, 2023, and at the urging of the biting agent, she accepted an offer resulting in a loss on this property. WEL agreed to compensate her for one-half of any loss on the sale of her home. The payment was made on May 30, 2021 Proceeds on sale of home Original cost of home Gain po 3,45,400 12,500 37,100) her new townhouse, WEL provided her with a $180,000, on February 1, 2021 Asume that the prescribed In order to help Lauren 0.75% housing loan. The funds are rate for Use the number months to calculate the low interest loan benefit During 2021, Lauren earned a salary of $105,000 as well as commissions of $8,000. The Company with the following amounts from her salary Antwer Supporting Calculations Marks Able 27 Income Taxes CPP 33.600 1,166 E 890 31 Disability insurance premium 1,000 82 Registered Pension Plan (RPP) Contributions 3600 WEL contributed $4,100 on Lauren's behalf to the Company's APP WEL provides group medical coverage to all of ts employees. The private health plan premiums paid by WEL on Lauren's behalf cost $1,020 for the year. During the year, Lauren received two non-cash gifts from WEL, a season ski pass worth $100 and a Christmas gift certificate to a local spa for $175. Record the gifts separately, if toxoble, on the two lines provided WEL provides life insurance coverage to all of its employees. The premiums paid by WEL on Lauren's behalf cost $500 for the year. 9 Lauren was granted options to buy 50 of the company's shares at $30 per share when she joined the sta of WEL. At that time, the shares had an assessed fair market value of 513 per share. On May 10, 2021, the shares are trading at $15 per share. She acquires 50 shares on that date and is still holding these shares an December 31 10 Lauren is a part of the Canadian Mountaineers Association professional dues of $380 for 2021 11 Due to a dog sledding accident Lauren breaks her collar bone and was off work for three months during 2021. She received a total of 56,100 in payments from the disability insurance company during this period. The premiums are $1000/year and were withheld from Laura's pay Show the disability beneft, and premiums separately if applicable) For the auto benefit enter each calculation separately into column F. Leave a row blank not required 12 WEL provides Lauren with a vehicle that she uses to thrive her clents on tours. The vehicle was used by side form the three months she was off work, WEL required her to return the enter each calculation separately into column F. Leave a row blank if not required 12 WEL provides Lauren with a vehicle that she uses to drive her clients on tours. The vehicle was used by Lauren throughout 2021, aside form the three months she was off work. WEL required her to return the car and keys WEL pays all operating and maintenance costs, a total of $2.300 during the year. Details of the vehicle and kilometers driven are below 5 56 Total km drive 57 Personal km driven 58 Cost of car (including GST and PST) 59 60 61 Standby charge (reduced, applicable) plus 62 Operating cost benefit, which is the lesser of 63 1/2 of reduced standby charge 64 Or $0.27/km x personal m 65 34,100 13,640 46,500 66 67 Other-Indicate in column G 13 Lauren has renovated in order to have a separate area in her townhouse to be used exclusively to signing the contracts and meeting with clients. WEL will provide her with a signed form 12200 stating that she is required to pay for certain employment expenses without reimbursement and use a portion of her home for work She used this work space between february 1 and December 31, 2021 GUSREEFERRE Work space related expenditures are as follows: 70 Mortgage Interest (total for 11 months) 71 utilities (total for 11 months) 72 Home Insurance (total for 11 months) 73 Property Tax (total for 11 month 74 Office Furniture 9.724 1115 2.376 5372 7837 Total square footage Show the ductions as negative. Multiply the n 1/2 of reduced standby charge 64 Or $0.27/km x personal km 65 Other Indicate in column G 66 13 Lauren has renovated in order to have a separate area in her townhouse to be used exclusively to signing the contracts and meeting with clients. WEL will provide her with a signed form 12200 stating that she is required to pay for certain employment expenses without reimbursement and use a portion of her home for work. She used this work space between February 1 and December 31, 67 2021. 68 69 Work space related expenditures are as follows: 70 Mortgage Interest (total for 11 months) 71 Utilities (total for 11 months 72 73 74 Home Insurance (total for 11 months) Property Tax (total for 11 months) Office Furniture 75 76 9,724 335 2,376 5,372 78 81 Required: Determine Lauren's net employment income for 2021 Total % square footage Tegal Deduction 84 Cover set-please read as If a deduction is not allowed, leave blank Show the deducti negative. Mutly the r the end 25% Net employment income Please use the SUN function to show your net employment income 1