Income Or Les From An Orice Orm an Assignment Probleme Assignment Problem Three E Employee Stok Options) r turm emploves Salierine arealed to participate the Congo son plan in landry Sharon por Waandisha shares at a price of 532.00 per share 10 the time of exercise, the Sallerine shares have a fair market value $17.00 petare On November 15, 2019, the 410 Salter Inc shares are sold quired: Indicate the tax effect on Sharon of the transactions that took place during 2017 and 2019 unter each of the following independent Cases. Your answer should include effect on both Net Income Forlax Purposes and Taxable income. Whet revalidati these effects separately Case Salter Inc. is a Canadian controlled private company. At the time the options were granted, the Company's shares had a fair market value of $31.00 per share. The options are exercised on July 1, 2018. When the shares are sold, the proceeds disposition are 45.80 per share Case 2 Salter inc. is a Canadian controlled private company, At the time the options were granted, the Company's shares had a fair market value of $34.00 per share. The options are exercised on February 28, 2017. When the shares are sold the proceeds of disposition are 543.20 per share. Salter Inc. is a Canadian public company. At the time the options were wanted the company's shares were trading at $31.00 pershare. The options are served on July 1, 2018. When the shares are sold, the proceeds of disposition are 542.10 per share. Case 4 Salter Inc. is a Canadian public company. At the time the options were granted the Company's shares were trading at $34.00 pershare. The options are exerced on February 28, 2018. When the shares are sold, the proceeds of disposition are $31.00 per share. Case 3 5.35 Assignment Problem Three - 10 (Employment Income) Braxton has worked for AAAA Retailers for a number of years. AAAA is a Canadian children's clothing stores in the Edmonton 136 Chapter - Mega w provide her purchase for Sa.000 - Met will provide Ale Alexandra will be inves Megs will provide Al company will pay all of sate for lost omployme Mega will provide Alex premiums which will Other information Bond's employer withheld the following amounts from his income 516,000 Federal income Tax Employment insurance Premium Canada Pension Pan Contributions 2.000 United We Donation 3,200 Registered Pension Plant Contributions 3.600 Payments for Personal use of Company Car 1 During the year M. Bond was provided with an automobile owned by his employer. The cost of the automobile $47.500. Mr.Bond drove the car a total of 10,000 kilome during the year, of which only 4,000 kilometers were related to the business of his employer. The automobile was used by Mr. Blond for len months of the year. During the other two months was out of the country, and he was required to return the autom bile to the company During the year, the corporation paid Mec Financial Planners a total of $1,500 for providing counseling series to Mr. Bond with respect to his personal financial situation 4. In order to Mr. Bland in purchasing as chalet. the corporation provided him with e Orsauuu. The granted on Oblat an interest rate percent. Mr. Bond paid the corporation total of $375 in interest for 2019 on January 2020 Assume that the time the loan was granted and throughout the remainder of the the teen preschede was percent. TETRA LTD. OFFER Theo - She would be paid a sa estimates that the con No allowance rem expenses While Tetrano pro 51.000 per month to us bought her carla year bile for both personalan Operating costs Capital Cost All Financing costs 5. Mr. Bond was required to pay prodessional dues of $1,000 during the year. 6 On lune 6, 2019, when Mr. Bond warised his stock options to buy 1,000 shares employer's common stock at a price of 55 per share the shares were trading all share. When the options were is the shares were trading at $12 per share December, 2019, the shares were sold for $20 per share, Required Calculate Mr. Bond minimum et employment income for the year December , 2019 Provide sons for onling items that you have not includes cakulations, lore GST and considerations Tetra will provide Alexa will pay all of the premium employment income. Th Tetra will provide Alean Other Information The following information is Assignment Problem Three-13 (Alternative Employment Offers) For several years. Alexandra Blanco has represented several companies as an les representative. As she has been very elective for her clients, two of the Mega Inc. and Tetra Ltd. are interest i ngh employment offers would regi e r as a full tim Travel Costs Hot Travel Costs Mera Advertising ir moleBoth rickets to a Montreal Canadiens game in Montreal on soos end the same na prospective client located in Montreal attend the portant clients. He also purchased He used these t e Required: Calculate Jerald's minimu onore GST and considerations et employment income for the 2019 taon Assignment Problem Three - 12 Employment Income - No Commissions) Mr. Jason Bond has been employed for many years as a graphic illustrator in kamida Columbia. His employer is a large publicly traded Canadian company salary was 50- dddition, he was awarded a $20.000 bonus to relec performance during the year. As he was in no immediate need of additional income, he arranged with his employer that none of this bonus would be paid until 2024, the year of his expected retirement. Income Or Les From An Orice Orm an Assignment Probleme Assignment Problem Three E Employee Stok Options) r turm emploves Salierine arealed to participate the Congo son plan in landry Sharon por Waandisha shares at a price of 532.00 per share 10 the time of exercise, the Sallerine shares have a fair market value $17.00 petare On November 15, 2019, the 410 Salter Inc shares are sold quired: Indicate the tax effect on Sharon of the transactions that took place during 2017 and 2019 unter each of the following independent Cases. Your answer should include effect on both Net Income Forlax Purposes and Taxable income. Whet revalidati these effects separately Case Salter Inc. is a Canadian controlled private company. At the time the options were granted, the Company's shares had a fair market value of $31.00 per share. The options are exercised on July 1, 2018. When the shares are sold, the proceeds disposition are 45.80 per share Case 2 Salter inc. is a Canadian controlled private company, At the time the options were granted, the Company's shares had a fair market value of $34.00 per share. The options are exercised on February 28, 2017. When the shares are sold the proceeds of disposition are 543.20 per share. Salter Inc. is a Canadian public company. At the time the options were wanted the company's shares were trading at $31.00 pershare. The options are served on July 1, 2018. When the shares are sold, the proceeds of disposition are 542.10 per share. Case 4 Salter Inc. is a Canadian public company. At the time the options were granted the Company's shares were trading at $34.00 pershare. The options are exerced on February 28, 2018. When the shares are sold, the proceeds of disposition are $31.00 per share. Case 3 5.35 Assignment Problem Three - 10 (Employment Income) Braxton has worked for AAAA Retailers for a number of years. AAAA is a Canadian children's clothing stores in the Edmonton 136 Chapter - Mega w provide her purchase for Sa.000 - Met will provide Ale Alexandra will be inves Megs will provide Al company will pay all of sate for lost omployme Mega will provide Alex premiums which will Other information Bond's employer withheld the following amounts from his income 516,000 Federal income Tax Employment insurance Premium Canada Pension Pan Contributions 2.000 United We Donation 3,200 Registered Pension Plant Contributions 3.600 Payments for Personal use of Company Car 1 During the year M. Bond was provided with an automobile owned by his employer. The cost of the automobile $47.500. Mr.Bond drove the car a total of 10,000 kilome during the year, of which only 4,000 kilometers were related to the business of his employer. The automobile was used by Mr. Blond for len months of the year. During the other two months was out of the country, and he was required to return the autom bile to the company During the year, the corporation paid Mec Financial Planners a total of $1,500 for providing counseling series to Mr. Bond with respect to his personal financial situation 4. In order to Mr. Bland in purchasing as chalet. the corporation provided him with e Orsauuu. The granted on Oblat an interest rate percent. Mr. Bond paid the corporation total of $375 in interest for 2019 on January 2020 Assume that the time the loan was granted and throughout the remainder of the the teen preschede was percent. TETRA LTD. OFFER Theo - She would be paid a sa estimates that the con No allowance rem expenses While Tetrano pro 51.000 per month to us bought her carla year bile for both personalan Operating costs Capital Cost All Financing costs 5. Mr. Bond was required to pay prodessional dues of $1,000 during the year. 6 On lune 6, 2019, when Mr. Bond warised his stock options to buy 1,000 shares employer's common stock at a price of 55 per share the shares were trading all share. When the options were is the shares were trading at $12 per share December, 2019, the shares were sold for $20 per share, Required Calculate Mr. Bond minimum et employment income for the year December , 2019 Provide sons for onling items that you have not includes cakulations, lore GST and considerations Tetra will provide Alexa will pay all of the premium employment income. Th Tetra will provide Alean Other Information The following information is Assignment Problem Three-13 (Alternative Employment Offers) For several years. Alexandra Blanco has represented several companies as an les representative. As she has been very elective for her clients, two of the Mega Inc. and Tetra Ltd. are interest i ngh employment offers would regi e r as a full tim Travel Costs Hot Travel Costs Mera Advertising ir moleBoth rickets to a Montreal Canadiens game in Montreal on soos end the same na prospective client located in Montreal attend the portant clients. He also purchased He used these t e Required: Calculate Jerald's minimu onore GST and considerations et employment income for the 2019 taon Assignment Problem Three - 12 Employment Income - No Commissions) Mr. Jason Bond has been employed for many years as a graphic illustrator in kamida Columbia. His employer is a large publicly traded Canadian company salary was 50- dddition, he was awarded a $20.000 bonus to relec performance during the year. As he was in no immediate need of additional income, he arranged with his employer that none of this bonus would be paid until 2024, the year of his expected retirement