Ms$.$ Miya Vaughn is employed by a$$ large, publicly traded corporation with gross revenues of $ $226$ million. Her salary for $2023$ is $ $135$ comma $700.$ In addition to her annual$$ salary, she received a performance bonus of $ $25$ comma $200,$one$-$half of which was paid in $2023$ and the remaining$$ one$-$half not due until July$1,2024.$ In addition to her$$ salary, she receives commissions of $ $32$ comma $800$ in $2023.$ She has an employment contract with the employer that requires her to pay for her own travel and other expenses are subject to limited reimbursement.

Ms$.$ Vaughn's Family Information

Ms$.$ Vaughn is divorced and has custody of her two children aged $12$ and $17.$ The$12-$year$-$old son has net income of $ $2$ comma $420$ for $2023.$

The$17-$year$-$old daughter is in$$ full$-$time attendance at a university during eight months of the year. Ms$.$ Vaughn pays her annual tuition of $ $7$ comma $100.$ The daughter has net income of $ $4$ comma $550$ and has agreed to transfer the maximum tuition credit to her mother. Also living with Ms$.$ Vaughn is her$68-$year$-$old father whose net income for $2023$ is $ $8$ comma $100.$ He has supplemented his income for years with his casino$$ winnings, which totalled $ $10$ comma $500$ in $2023.$ While he does not qualify for the disability tax$$ credit, he has a physical infirmity that makes him dependent on Ms$.$ Vaughn.

Withholdings

In $2023,$ Ms$.$ Vaughn$\text{'}$s employer withheld the following amounts from her$$ compensation:

EI premiums

$$1,002$

CPP contributions

$3,754$

RPP contributions

$7,250$

Life insurance premiums $($employer makes a matching contribution$)$

$555$

Other Information

$1.$ Ms$.$ Vaughn is provided with an automobile by her employer. In $2023,$ it is driven $47$ comma $900$ kilometres of which $42$ comma $000$ are for employment purposes and $5$ comma $900$ for personal use. The automobile is leased by the employer at a monthly rate of $ $731,$ including GST of $ $35$ and PST of $ $44.$ The monthly rate also includes a payment for insurance of $ $48$ per month. The automobile was used by Ms$.$ Vaughn for $11$ months during $2023.$ She was required to return the automobile to her$$ employer's garage during the month that she did not use it$.$

$2.$ Ms$.$ Vaughn incurred the following$$ employment$-$related expenses during $2023$:

Advertising

$$5,350$

Entertainment

$8,500$

Meals

$2,250$

Hotels

$8,500$

Airline tickets

$3,350$

Total expenses

$$27,950$

Ms$.$ Vaughn$\text{'}$s employer reimburses all of her meal expenses and$$ one$-$half of her hotel expenses. No other expenses were reimbursed.

$3.$ In March $2022,$ Ms$.$ Vaughn was granted options to acquire $4$ comma $600$ of her$$ employer's common shares at an option price of $ $27$ per share. This was also the FMV of the shares at the time. In July $2023,$ Ms$.$ Vaughn exercises all of the options at a time when the shares were trading at $ $33$ per share. She continues to own the shares as of December$31,2023.$

$4.$ In $2023,$ Ms$.$ Vaughn makes cash donations of $ $1$ comma $880$ to a variety of registered charities.

$5.$ Also, in $2023,$ Ms$.$ Vaughn donates $ $275$ to each of three registered federal political parties for a total of $ $825.$

$6.$ In $2023,$ Ms$.$ Vaughn pays for the following eligible medical$$ expenses:

For herself

$$910$

For her two children

$1,540$

For her father

$3,890$

Total $2023$ medical expenses

$$6,340$

Required

A$.$

Determine Ms$.$ Vaughn$\text{'}$s minimum $2023$ net income. Ignore all$$ GST$/$HST & PST considerations.

B$.$

Determine Ms$.$ Vaughn$\text{'}$s minimum $2023$ taxable income.

C$.$

Based on your answer in requirement$$ B$,$ determine Ms$.$ Vaughn$\text{'}$s federal income tax payable or refund for $2023.$ Indicate any carry forwards available to her and her dependants. Ignore any amounts that might have been withheld by her employer or paid in instalments.