Info about the question Ms Mahta Amiri is a Certified Financial Planner (CFP) with many years of experience On December 1, 2020, she resigned from her position with a large financial institution in London, Ontario She had not been happy with her job and was feeling unappreciated After several months of job hunting, Mahta decided to take a position with Pleasant Retirement Planning Ltd (PRPL), a Canadian controlled private corporation (CCPC) located in Milton, Ontario She started working for PRPL on May 1, 2021 The following items pertain to Mahtas employment information for the 2021 taxation year For each question , provide the effect on Mahtas net employment income Answer the following using all the pieces of information provided Very important An inclusion in employment income should be typed as a positive number A deduction from employment income should be typed as a negative number If the item would have no effect on the calculation of employment income, typed the number 0 (zero) Please answer the following as per the instructions During the year, Mahta received two non cash gifts, a birthday gift worth $353 and a Christmas gift worth $356 Ans On December 12, 2021, a bonus of $10,800 was accrued for Mahta She received $7,100 of this bonus on December 24, 2021 The remainder is to be paid on January 21, 2022 Ans PRPL contributed $13,000 into an RPP (Registered Pension Plan) on Mahta's behalf Ans PRPL provides group medical coverage to all of its employees The private health plan premiums paid by PRPL on Mahta's behalf cost $233 for the year Ans PRPL provides Mahta with a vehicle that was purchased in 2021 for $30,160 including HST The vehicle was used by Mahta for 11 months during the year During this period, she drove the vehicle a total of 18,000 kilometers, of which 15,000 were for personal use PRPL pays all operating and maintenance costs, a total of $8,900 during the period that Mahta used the car PRPL withheld $250 per month from her salary to pay for her personal use of the vehicle Ans Mahta participates in PRPL's stock option plan Options were issued to Mahta in 2019 with an exercise price of $9 66 The fair market value (FMV) of PRPL's shares at the time of issue was $9 66 per share Mahta acquired 3,000 of the company's shares on September 1, 2021 On that date, PRPL shares had an FMV of $12 59 per share On December 15, Mahta sells 500 of these shares for $11 49 per share Ans Because of the need to invest some of her additional income, PRPL provided Mahta with financial counseling services The value of these services was $2,232 Ans During the period May 1, 2021, through December 31, 2021, Mahta earned and received a salary of $110,132 Ans

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Info about the question Ms. Mahta Amiri is a Certified Financial Planner (CFP) with many years of experience. On December 1, 2020, she resigned from

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Ms. Mahta Amiri is a Certified Financial Planner (CFP) with many years of experience. On December 1, 2020, she resigned from her position with a large financial institution in London, Ontario. She had not been happy with her job and was feeling unappreciated.

After several months of job hunting, Mahta decided to take a position with Pleasant Retirement Planning Ltd. (PRPL), a Canadian-controlled private corporation (CCPC) located in Milton, Ontario. She started working for PRPL on May 1, 2021. The following items pertain to Mahtas employment information for the 2021 taxation year. For each "question", provide the effect on Mahtas net employment income.

Answer the following using all the pieces of information provided:

Very important:

An inclusion in employment income should be typed as a positive number.
A deduction from employment income should be typed as a negative number.
If the item would have no effect on the calculation of employment income, typed the number 0 (zero)

Please answer the following as per the instructions

During the year, Mahta received two non-cash gifts, a birthday gift worth $353 and a Christmas gift worth $356. Ans________
On December 12, 2021, a bonus of $10,800 was accrued for Mahta. She received $7,100 of this bonus on December 24, 2021. The remainder is to be paid on January 21, 2022. Ans:____________
PRPL contributed $13,000 into an RPP (Registered Pension Plan) on Mahta's behalf. Ans:____________
PRPL provides group medical coverage to all of its employees. The private health plan premiums paid by PRPL on Mahta's behalf cost $233 for the year. Ans:__________
PRPL provides Mahta with a vehicle that was purchased in 2021 for $30,160 including HST. The vehicle was used by Mahta for 11 months during the year. During this period, she drove the vehicle a total of 18,000 kilometers, of which 15,000 were for personal use. PRPL pays all operating and maintenance costs, a total of $8,900 during the period that Mahta used the car. PRPL withheld $250 per month from her salary to pay for her personal use of the vehicle.Ans:_____________
Mahta participates in PRPL's stock option plan. Options were issued to Mahta in 2019 with an exercise price of $9.66. The fair market value (FMV) of PRPL's shares at the time of issue was $9.66 per share.

Mahta acquired 3,000 of the company's shares on September 1, 2021. On that date, PRPL shares had an FMV of $12.59 per share.

On December 15, Mahta sells 500 of these shares for $11.49 per share. Ans:_____________
Because of the need to invest some of her additional income, PRPL provided Mahta with financial counseling services. The value of these services was $2,232. Ans:______________
During the period May 1, 2021, through December 31, 2021, Mahta earned and received a salary of $110,132. Ans:____________