Group Assignment $($Version $1)$ On February $10,2025,$ You, CPA, just met with a new client, Joe Junior. He was referred by one of your existing clients. During the online meeting, you have learned that Joe had recently moved to Saskatoon, Saskatchewan. However, he had some tax issues and would like to engage you for your professional tax advice. Joe had always prepared his own tax returns. However, his $2023$ tax return was reassessed which resulted him owing Canada Revenue Agency $($CRA$)$ $$61,000.$ You gathered all relevant information with respect to this issue $($Appendix I$).$ To avoid any further problem with CRA, Joe would like you to file his $2024$ tax return. However, he would like you to estimate his tax first so he would not be surprised by the final tax balance when the return was finalized. He emailed you on the following day with all the tax information that you had asked for during the online meeting $($Appendix II$).$ Required: $1)$ Draft a memorandum addressing Joe$$s concern regarding the reassessment of his $2023$ tax $2)$ returns. Based on the information given in Appendix II$,$ calculate Joe$$s net income for tax purposes and taxable income for the year $2024.3)$ After further discussion with Joe, you have discovered additional deductions that he is entitled to$.$ Thus, the taxable income has been revised to $$118,480.$ Calculate Joe$$s federal income tax for the year $2024.$