Jasleens salary on her T4 slip for 2018 was $100,000, plus commissions based on her sales. For 2018 she expects to earn commission of $20,000. In your conversation with Jasleen, she notes that one of her customers gave her and Navdeep a Hawaiian cruise this year as a way of thanking Jasleen for going beyond the basic requirements of her job and helping them with some very complicated issues. The value of the cruise was $15,000. On September 1, as the cruise ended, Jasleen fell on a slippery pool deck and broke her hip. She was off work for two months as a result. During this time, Jasleen received $12,000 from her group accident insurance plan at work. Jasleens employer provides a very generous benefits package that includes: Group sickness and accident insurance plan with wage-loss replacement. Jasleen contributes 50% of the $1,800 annual premium, and her employer pays the other 50%. Jasleen has been a member of this plan since January 1, 2013, and the premium amount has remained constant for this time. Jasleen has never used this plan prior to this year and is not required to pay the premium when she is off work. Group term life insurance entirely paid for by Jasleen for $1,020 for the year. Registered pension plan (RPP). Jasleen contributes 5% of her salary (not including commission), and her employer contributes 8%. Health and dental insurance paid for 80% by the employer and 20% by the employee. The total cost of this plan is $4,000 per year. The use of a company car for local driving. Jasleen has been provided with a Toyota Camry that cost $40,000. During 2018, Jasleen expects to drive this car 10,000 km for personal use Group Project Tax Principles Page 3 of 6 and 40,000 km for business purposes. Jasleen gave the car back to her employer after she fell on the cruise, and it was returned to her on her return to work two months later. The use of a corporate cell phone for business purposes. She has a fixed cost plan that is billed to the company at $70 per month. Jasleen was awarded Salesperson of the Year for 2018 and she received a painting by a well-known local artist with a price of $2,500. A travel allowance of $20,000 for the year that is intended to compensate Jasleen for her travel expenses such as airfare, hotel costs and car rentals while she is travelling on company business. It is more than the actual expenses. In 2017, the company lent Jasleen $150,000 interest-free to purchase a home. At the time the loan was advanced, the prescribed interest rate was 1%. The prescribed rate was 1% for all of 2017, and then increased to 1.5% on January 1, 2018, where it has stayed all year. Jasleen and Navdeep repaid the loan in full on April 30, 2018. This type of loan has been given to other employees in the past. Jasleen received a stock option to purchase 1,000 shares of her employers company for $50 per share in 2017 at a time when they were selling for $45 per share. On June 30, 2018, when the shares were trading at $56 per share, Jasleen exercised her option. A month later when the shares were trading at $58 per share, Jasleen sold the shares. In order to earn the commission, Jasleen estimates that her expenses for the year will be as follows: hotel accommodation: $10,000 airfare, train fare: $5,000 rental cars: $1,000 meals while travelling: $1,500 entertainment of clients: $6,000 promotional materials: $500 tennis club membership (client contracts frequently signed at the club): $2,000 office supplies consumed to earn commission income by Jasleen: $500 During the year, Jasleen purchased a desktop computer for her employment use at a cost of $1,600.