Ace Limited granted Ms$.$ Smart stock options to purchase $8,000$ previously un$-$issued fully$-$paid shares of the corporation at $$13$ per share. The fair market value at the time of the grant was $$24.$ She had to exercise half of the options immediately upon being granted the option and she did so$.$ The corporation provided her with a loan of $$87,000$ on August $1,2023$ to buy the shares. The loan agreement required the payment of monthly interest $($on the last day of each month$)$ at $3\%$ per annum. The principal was payable in four annual instalments due on the anniversary date of the loan each year. Assume that the prescribed rates of interest for $2023$ are: $5\%$ in the first quarter, $4\%$ in the second quarter, $6\%$ in the third quarter and $5\%$ in the fourth quarter.

Required:

$($A$)$ Determine it's effect on Gloria Smart$$s employment income for tax purposes for $2023.$ Show all calculations whether or not necessary to the final answer.

$($B$)$ Indicate why you did not include any of the above amounts in your answer.