AP 3-14 Employment Income For the past five years, Mr. Brooks has been employed as a financial analyst by a large Canadian public company located in Winnipeg. The gross revenues of the company are $680 million. In 2023, his basic gross salary was $163,000. In addition, he was awarded an $11,000 bonus based on the performance of his division. Of the total bonus, \$6,500 was paid in 2023 and the remainder is to be paid on January 15, 2024. In 2023, Mr. Brooks' employer withheld the following amounts from his gross wages: Other Information: 1. Due to an airplane accident while flying back from Thunder Bay on business, Mr. Brooks was seriously injured and confined to a hospital for two full months of 2023. As his employer provides complete group disability insurance coverage, he received a total of $18,000 in payments during this period. All the premiums for this insurance plan are paid by the employer. The plan provides periodic benefits that compensate for lost employment income. 2. Mr. Brooks is provided with an automobile that the company leases at a monthly rate of $678, including both GST and PST. The company pays for all the operating expenses of the automobile, which amounted to $3,500 in 2023. Mr. Brooks drove a total of 35,000 kilometres during 2023; 30,000 kilometres were carefully documented as used for employment purposes with only 5,000 kilometres for personal use. While he was in the hospital (see Item 1), his employer's policy required that the automobile be returned to the company premises. 3. On January 15, 2022, Mr. Brooks was granted options to buy 200 shares of his employer's common stock at a price of $23 per share. At this time, the shares were trading at $20 per share. The stock options can be exercised immediately. Mr. Brooks exercised these options on July 6, 2023, when the shares were trading at $28 per share. He does not plan to sell the shares for at least a year. 4. In order to assist Mr. Brooks in purchasing a new home in Winnipeg, his employer granted him a fiveyear interest-free loan of $375,000. The loan qualifies as a home purchase loan. The loan was granted on October 1, 2023, and, at this time, the interest rate on open five-year mortgages was 5%. Assume the prescribed interest rate was 2% on this date. Mr. Brooks purchased a house for $635,000 on October 2, 2023. He has never owned a home. 5. Other disbursements made by Mr. Brooks include the following: Mr. Brooks' employer reimbursed him for the tuition fees for the accounting course, but not the music course. Required: Calculate Mr. Brooks' 2023 employment income