Melachi Lee graduated from university of Alberta, he started working at Otter brook Associates at Ottawa. He began working on April 1 2021. The information is as follow: He had a house which he purchased for $145,000 Sold his home for $121,000 in Alberta He was renting an apartment on a monthly bases, but he got married on November 29, 2021. They purchases a new home for $234,00 and moved December 1, 2021. The new job requires him to meet with new clients, Otterbrook has agree to sign form T2200, stating that Malachi is requires to pay for certain employment expenses without reimbursement and uses a portion of his apartment to work. He is also provided with an automobile to use in his employment duties. Malachi is compensated by salary with a bonus and stock option arrangement. The bonus is based on overall company profits. He was offer $10,000 to sigh a 5 years contract, he received a cheque in February 2021. His salary is $64,200, but he received only $63,050 in the year of 2021, the remaining he will receive in 2022. The company withheld the following amounts from his salary. Income Taxes $11,800 CPP 3,177 EI 850 RPP Contributions 1,100 Payment to Company For Personal Use of Automobile 700 On December 16, 2021. a bones of $7050 was accrued, he received $2,500 on December 2021, with remaining being paid on February 2022. Counselling session paid by the employer $500. He is provided with a medical coverage cost of $440. The company contributes $1,400 on his behalf to the RPP. He pays $745 in professional certification dues. The company reimbursed him with $596 of this dues. When hi got married he received $750 non cash wedding value. He has free membership to squad club, which is paid by the company. Value is $955 for a year. The company reimbursed Malachi for 80% of the $24,000, loss that he experienced on the sell of his Alberta home. He had $36,000 for a down payment on his new Ottawa home. Since he had no previous work experience, the banks were reluctant to provide him a mortgage at favorable terms. His employer stepped in and agreed to give him an interest free housing loan of $200,000 beginning on December 1, 2021. Malachi agreed to reduce his salary slightly with respect to this benefit. The loan requires annual payments of $7,600 due at the end of November beginning in 2022. The loan is required to be paid if Malachi dies, sells the home, or terminates his employment. Assume that the prescribed interest rates for such benefits are 2% in each of the first two quarters of 2021 and 1% in the third and fourth quarters. Otterbrook instituted a stock option plan for its employees in 2020. The plan eligibility requires three months of service. Employees are permitted to acquire a limited number of option shares at 20% below their fair market value on either May 1 or November 1 each year. The company hires valuators to determine the fair market value on those dates. Malachi acquires 200 shares on November 1, 2021, for $12,400. Low on cash and wanting to buy Jeannine a nice wedding ring, he is forced to sell 80 of the shares. He sells them on December 16, 2021, for $8,940. has an arrangement with a local dealership to lease a minimum number of new automobiles each year at favorable rates. Malachi receives his leased automobile on May 1, 2021. The leased automobile's odometer reads 165 kilometres when Malachi receives it. The odometer reads 19,390 kilometers on December 31, 2021. Malachi estimates that he drove 5,227nkilometres for personal use, including drives to and from home to the office, and 13,998 for employment purposes. Otterbrook Associates pays monthly lease payments (including HST) of $440. The cost of gas, oil, insurance, repairs and maintenance, and other charges total $2,155 for 2021. Otterbrook Associates requires each employee provided with an automobile to pay $75 each month for the personal use of the automobile, which is withheld directly from their pay. He prepared a separate room in his apartment to be used exclusively for a home office. He used the office space between June 1 and November 30, 2021. A home office was not ready in his newly purchased home until February 2022. The apartment office space is exactly 100 square feet. The total apartment space is 1,166 square feet. Home office-related costs are as follows. Monthly Rent $940

Monthly Phone Line Charge (April to November) $38

Employment-Related Long Distance Calls (June to November) $71

Total Electricity Charge (March 16 to November 30) $910

Property Insurance (March 16 to November 30) $195

Paint For Apartment $228

Office Furniture $1,370

Computer Purchase $1,743

Stationery And Office Supplies Purchased $136

Malachi received an allowance of $350 per month for six months to cover the costs of maintaining an office in his home.

Determine Malachi's employment income for the 2021 taxation year.