Izumi Tanaka is employed by TSK Inc., a Canadian controlled private corporation. The following information pertains to the tax year in question: - Izumi earned $90,000 from TSK. A cash bonus of $8,000 was announced on December 3rd to be paid to Izumi on January 10th of the following year. Izumi was provided with a company car for the entire year. The cost of the car (including taxes) was $40,000. All operating costs were paid by TSK. Izumi drove the car 21,000 kilometers in 2020. 10,000 kilometers were for personal use. Izumi and TSK each contributed $2,000 towards Izumi's registered pension plan. Izumi was presented with a watch from TSK, valued at $200, as a birthday gift. - TSK provided Izumi with a $200 cell phone to be used for business purposes. In January, Izumi was granted a stock option to purchase 2000 shares in TSK at a cost of $8.00 per share. At that time, the fair market value per share was 59.00. Izumi exercised the option in February when the market value had risen to $9.50 per share, Izumi took a $15,000 low-interest loan from TSK on January 15, with a 1% interest rate. The CRA'S prescribed rate during the year was 3%. TSK provided Izumi with a $25 meal allowance every week due to the two hours of overtime that was required to work each Wednesday immediately following eight hours of regular work. . An annual union due of $850 was deducted from Izumi's pay in 2020. If you were calculating employment income, which items would you omit and why would you omit those items? Show work in the space below