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Part 1 of Information Jala's T4 slip for the current year indicates the following amounts were deducted from her gross salary of $82,000 * See

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Part 1 of Information Jala's T4 slip for the current year indicates the following amounts were deducted from her gross salary of $82,000 * See the current year's tax rate sheet to determine the CPP and El reported on the T4 slip. The following amounts are paid by YYZ Ltd and not included on Jala's current year T4 slip Part 2 Information YYZ Ltd. provided Jala with a motor vehicle for the entire year, and the company also paid for all operating costs for the vehicle, with $5,650 paid for operating costs in the current year. The vehicle was purchased by YYZ Ltd three years ago at a cost of $48,500 (incl. GST). In the current year, Jala drove 21,500 kilometres; 9,000 kilometres were personal, and 12,500 were for employment purposes. On October 1 of the current year, Jala purchased 1,200 shares of YYZ Ltd. under a stock option plan. YYZLtd. is a Canadian public corporation. The following information is provided. Stock Options Option granted on January 1 of the prior year, FMV =$12 per share Option price =$12 per share Option exercised on July 1 of the current year, FMV = $18 per share * Note: On December 31, Jane continues to hold the 1,200 YYZ Ltd. shares since she anticipates they will appreciate in value. In the current year, her mother travelled with her to Calgary when Jala attended a five-day conference for accountants. YYZ Ltd. reimbursed her for the full cost of $6,500, of which $2,500 (including GST) was for expenses she incurred for her mother. Part 3 information Jala Anderson resides in Calgary, AB, and has been employed by YYZ Ltd. for a View Part 1 of the information. View Part 2 of the information. View Part 3 of the information. Required 1. For each amount paid by YYZ Ltd. that was not reported on Jala's T4 slip, determine if the amount is a taxable or non-taxable benefit. 2. Calculate the total amount of taxable benefits for Jala in the current year and provide appropriate references to the ITA. 3. Calculate Jala's net employment income for the current year in accordance with sections 5 to 8 of the Income Tax Act. Round your calculations to the nearest dollar, and provide appropriate references to the ITA. Jala Anderson resides in Calgary, AB, and has been employed by YYZL Ltd for a number of years as its accountant View Part 1 of the information. View Part 2 of the information. View Part 3 of the information. read the reouirements Requirement 1. For each amount paid by YYZ Ltd that was not reported on Jala's T4 slip, determine if the amount a taxable or non-taxable benefit

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