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per share. Assignment Problem Three - 10 (Employment Income) options are exercised on Us are sold, the proceeds of disposition are $31.00 Ms. Alexa
per share. Assignment Problem Three - 10 (Employment Income) options are exercised on Us are sold, the proceeds of disposition are $31.00 Ms. Alexa Braxton has worked for AAAA Retailers for a number of years. AAAA is a Canadian controlled private corporation. It operates three children's clothing stores in the Edmonton area. Her salary for the year 2020 was $120,000. AAAA withheld the following amounts from her earnings: Federal And Provincial Income Tax El Premiums CPP Contributions Private Health Care Plan - Employee Portion Union Dues Other Information: $20,400 856 2,898 900 100 1. AAAA provided Alexa with a car to be used in her employment activities. In addition, the company paid her 2020 operating costs of $10,250. The car was purchased, used, from a car dealer for $33,600, including GST of $1,600. The car was available to Alexa throughout 2020. During this period, she drove a total of 81,000 kilometres, 6,000 of which were for personal use. 2. Alexa earned the outstanding employee award for 2020. Besides a plaque, the award came with a cheque for $2,000 payable in January 2021.
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