Mr$.$ David Daniel is $38$ years old and lives with his spouse, Taryn, in Brooks, Alberta. Taryn has $20$XX net income of $$8,500.$ They have two children both of whom are in good health. Their daughter Harper is $19$ and has net income from part time jobs of $$7,325.$ Their son Justin is $11$ and has no income of his own.Mr$.$ Daniel works for a large public company and, in $20$XX$,$ his basic salary is $$109,000$ and he earns commission income of $$22,424,$ of which half was paid in December and the other half is paid in March next year. In $20$XX$,$ his employer makes the following payroll withholdings:RPP Contributions$$7,600$CPP Contributions$3,500$EI Premiums$953$Donations to Registered Charities$600$Union Dues$933$Payments for personal use of company car$1,800$Premiums to company's disability insurance plan$1,200$Other Information:$1.$ Mr$.$ Daniels employer makes a matching contribution to the company's RPP on behalf of Mr$.$ Daniel$\mathrm{.}2.$ Mr$.$ Daniel's employer makes a matching contribution to the company's disability insurance plan on behalf of Mr$.$ Daniel. The comprehensive disability insurance plan provides periodic benefits during any period of disability to compensate for lost employment income. Due to a two$-$month sick leave, Mr$.$ Daniel receives disability insurance benefits of $$11,450.$ Mr$.$ Daniel has been making the same contribution each year since $2018.$ He has had no disability insurance claims in any of the years $2018$ to $2021\mathrm{.}3.$ Mr$.$ Daniel's employer provides him with an automobile that was purchased in $2018$ for $$48,000.$ His employer pays all of the operating expenses which, in $20$XX totalled $$11,800.$ During the year, Mr$.$ Daniel drove the car a total of $28,000$ kilometers, $21,000$ of which were for employment use with $7,000$ for personal use. The automobile was only available to Mr$.$ Daniel's for $10$ months of the year$\mathrm{.}4.$ Medical expenses for Mr$.$ Daniel's family are as follows:David$ $3,650$Taryn$2,600$Harper$1,300$Justin$6,2005.$ Mr$.$ Daniel is required to maintain an office in his home without reimbursement from his employer. His employer provides the required T$2200$ form. He uses $15\%$ of the home's usable floor space for his office. The home office expenses are:Utilities and Maintenance$ $5,000$Insurance$4,500$Property Taxes$7,600$Mortgage Interest$9,6006.$ Mr$.$ Daniel receives an annual travel allowance of $$4,900$ to cover hotel costs while travelling for employment purposes. His actual hotel costs for $20$XX were $$5,200.$ In addition, he spent $$3,300$ on client meals and entertainment. His employer does not reimburse any of these expenses$\mathrm{.}7.$ As with all of the other employees, Mr$.$ Daniel received a $$750$ gift certificate for use at a local department store. He also received a $$300$ cash reward for sales performance in $20$XX$\mathrm{.}8.$ Mr$.$ Daniel had a small consulting business that he operated on evenings and weekends. He had revenue of $$10,600$ and incurred the following expenses: license of $$800,$ insurance of $$1,100,$ and office expenses of $$400\mathrm{.}9.$ Mr$.$ Daniel also owned a rental property, which was vacant for $3$ months. Because of this, there was a rental loss of $$3,000\mathrm{.}10.$ Mr$.$ Daniel has capital gains and capital losses from stock market trading. His gains included $ $3,450$ from the sale of Microsoft shares on January $20,$ $$890$ from the sale of Apple shares on March $24,$ a $$635$ loss from the sale of TD Bank shares on June $30,$ and $$5,000$ loss from the sale of Teck shares which he sold on August $1.$ He has incurred a total of $$230$ in commissions for the sale of Microsoft and Apple shares. He regretted the sale of Teck shares and purchased the same number of shares back on August $19$ of the same year$\mathrm{.}11.$ In $2017,$ Mr$.$ Daniel acquired $12,500$ at a rate of $1=$ $$1\mathrm{.}70.$ The funds were immediately used to acquire $500$ shares of a British company, Zapt Ltd$.,$ at a price of $25$ per share. In January $2020,$ he sold all of the shares for $32$ per share, leaving all of the British pounds in his trading account. At this time, $1=$ $$1\mathrm{.}55.$ In December $20$XX$,$ he converted the British pounds to Canadian dollars at a rate of $1=$ $$1\mathrm{.}65\mathrm{.}12.$ Harper attended university this year. Mr$.$ Daniel paid her tuition, which was $$7,500.$ Harper wants to transfer the maximum credit to her father$\mathrm{.}13.$ During the year, Mr$.$ Daniel also sold a collectible figurine that was given to him when he was a child. While it had only cost his parents $$500,$ it had increased significantly in value. It was sold through a local antique store for $$2,500\mathrm{.}14.$ Previous year information:a$.$ Mr$.$ Daniels prior year income was composed of employment income of $$93,$XXX $($after the deduction of $$4,000$ for RPP contributions$),$ interest income of $$2,000,$ a rental loss of $$7,000,$ and business income of $$13,000.$b$.$ Mr$.$ Daniel paid spousal support of $ $5,000$ to his ex$-$wife from a previous marriage. Tax$-$free savings account $($TFSA$)$ contributions of $ $3,000$ and registered savings plan $($RESP$)$ contributions of $ $3,000$ were also made in the previous year.$$ At the end of the previous year, Mr$.$ Daniel's unused RRSP deduction room was $$3,200$ and he had no undeducted contributions. His employer reported a pension adjustment $($PA$)$ of $$10,500.$Required:Ignore GST considerations in making your calculations.A$.$ Calculate Mr$.$ Daniels maximum deductible RRSP contribution for $20$XX$.(9$ marks$)$B$.$ Assume that Mr$.$ Daniel contributes the amount calculated in Part A to his RRSP$.$ Calculate Mr$.$ Daniels $20$XX net employment income. If you exclude any amounts, ensure you state as such. $(20$ marks$)$C$.$ Calculate Mr$.$ Daniels Net Income for Tax Purposes and Taxable Income. If you exclude any amounts, ensure you state as such. $(24$ marks$)$D$.$ Calculate Mr$.$ Daniels Federal Tax Payable before consideration of any income tax that would have been withheld or paid in instalments. $(19$ marks$)$