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Please help Question 3 (25 Marks) On January 02, 2019, Mr. Stuart Enderby moved from Vancouver, B.C. to Victoria, B.C., in order to begin employment

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Question 3 (25 Marks) On January 02, 2019, Mr. Stuart Enderby moved from Vancouver, B.C. to Victoria, B.C., in order to begin employment with Ace Consultants Ltd. (ACL). His salary for 2019 was $ 200,000. ACL withheld the following amounts from his earnings: Federal and Provincial Tax $ 40,000 Registered Pension Plan Contribution 3,500 [ACL makes a matching contribution] EI Premiums 860 CPP Contribution 2,749 United Way Donations 4.000 Professional Association Dues 1,400 Payments for Personal Use Of Company Car 2,000 Other Information: 1. Mr. Stuart Enderby's moving expenses totalled $ 7,000. ACL reimbursed Mr. Stuart Enderby for 100% of these costs. 2. For the year ending December 31, 2019, Mr. Stuart Enderby was awarded a bonus of $ 50,000. Of this total, $ 35,000 was paid during 2019, with the remainder payable in January, 2020. The bonus was not included in the $ 200,000 salary amount. 3. ACL provided Mr. Stuart Enderby with a car to be used in his employment activities and ACL paid the 2019 operating costs, which were $ 9,000. The cost of the car was $ 60,000, which included PST and GST. The car was available to Mr. Stuart Enderby throughout 2019. He drove a total of 80,000 kilometres, which included 8,000 kilometres to be for personal use. 4. In discussions with ACL regarding executive fringe benefits, Mr. Stuart Enderby inquired about getting a $ 90,000 interest free loan. ACL would not agree to giving any interest free loan to Mr. Stuart Enderby. However, ACL agreed to advance $ 90,000 of his 2020 salary as of December 15, 2019. 5. During his employment related travels, Mr. Stuart Enderby has accumulated over 250,000 Aeroplan points. During 2019, Mr. Stuart Enderby used 120,000 of these points for a trip to New York. The airline tickets would have cost $ 2,400, if Mr. Stuart Enderby had to pay personally for it.6. ACL gave Mr. Stuart Enderby the following additional benefits in 2019: Allowance for Acquiring Business Clothing|$ 8,000 Tennis Club Membership 5.000 (No employment related usage) Financial Advisor Fees 2,500 7. Mr. Stuart Enderby's previous employer was a Canadian controlled private corporation. In 2016, Mr. Stuart Enderby was granted options to buy 1,000 of the company's shares at $ 20 per share. This option price was higher than the estimated fair market value of the company's shares at the time the options were granted. On January 02, 2019, Mr. Stuart Enderby exercised these options. At this time, the fair market value of the shares was $ 30 per share. Mr. Stuart Enderby immediately sold the shares for $ 30 per share. Required: Determine Mr. Stuart Enderby's net employment income for the year ending December 31, 2019

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