A. During 2020, Mr. Shaun Brady is provided with an automobile that is purchased by his employer. The cost of the automobile is $56,500. During 2020, he drives the car a total of 35,000 kilometers, of which 27,500 are employment related. The car is used by Mr. Brady for a total of 265 days during 2020. When the car is

not being used by Mr. Brady, it must be returned to the employer's premises.

Calculate Mr. Bradys minimum taxable benefit for the use of the automobile.

B. Mr. Alonso Sotomeyer is required by his employer to use his own automobile in the course of his employment. His total automobile costs for the year, are as follows:

Gasoline receipts

$5,200

Repairs and maintenance

1,000

Insurance for the year

1,200

Lease costs for the year (1,250 per month)

15,000

To compensate him, his employer pays an annual allowance of $12,000. During 2020, he drove his automobile a total of 48,260 kilometers, of which 19,960 were employment related. What amounts will Mr. Sotomeyer include and deduct from his 2020 employment income related to the use of his automobile?

C. Ms. Cheryl Fernandes is a member of a group disability plan sponsored by her employer. The plan provides periodic benefits that compensate for lost employment income. The cost of the plan is shared with her employer. Her share of the cost was $460 in 2018, $500 in 2019 and $520 in 2020. During 2020, Ms. Fernandes was hospitalized for a period of 2 weeks, resulting in her receiving $7,400 in benefits under the plan. What amount, if any, will Ms. Fernandes include in her 2020 employment income for the disability benefits?

D. Several years ago, Mr. Jeremiah Pitts employer, a Canadian Controlled Private Corporation, gave him

options to purchase 1,500 shares of the employers stock at a price of $21 per share. At that time, the shares were trading at $22 per share. During July, 2019, Mr. Pitt exercises the options. At this time the shares are trading at $28 per share. In December, 2022, all the shares are sold for $31 per share. Determine the effect of these transactions on both the Net Income for Tax Purposes and Taxable Income of Mr. Pitt. Show your final calculations in the section 3 format.