PLEASE PLEASE HELP

1. Tanya, an employee of a Canadian public company, received an option to purchase 1,000 common shares of her employer at $30 per share in April 2019 when the shares were worth $19 per share. In December 2020, when the fair market value was $40 per share, she exercised her options. In January 2021, she sold all the shares for $48 per share. Tanya wants to know what employee benefit she will have to report on her tax return in 2020. She wants to pay the lowest amount of taxes possible.

A. 14,000

B. 5,000

C. 10,000

D. 18,000

2. Joe is legally separated from his wife and has two adult children who live with his wife and are not dependent on him for support. Joe is leaving Canada to take a job in Germany on June 30 of this year. He plans to stay in Germany indefinitely and has purchased a home there. Which one of the following things is the most important for Joe to do to help ensure that he is not a resident of Canada for Canadian income tax purposes after he leaves?

A. ake his wife and children with him to Germany

B. Put all his houshold furniture and personal effects into storage in Canada

C. Sell his Canadian home or rent it under a long-term lease.

D. Give up his Canadian citizenship

3. Which ONE of the following criteria is relevant in determining whether an allowance received by an employee for the use of an automobile for employment purposes, is taxable to the employee?

A. The allowance is paid on a monthly basiS

B. The allowance is part of the employees contract of employment

C. The allowance is calculated based on actual kilometres driven for employment

D. The allowance exceeds a legislated per kilometre threshold amount

4. Which ONE of the following is NOT taxable as employment income if received by an employee?

A. Use of the employer-owned condominium in Florida for the employee and her family for one week for a personal family vacation, at no cost

B. Golf clubs received from a customer in appreciation for excellent customer service

C. Shares in the employer corporation

D. Payment by the employer of the employees tuition for an MBA degree to allow the employee to develop skills to be promoted to upper management

5. On April 1, 2019, E Ltd. made a loan of $100,000 to Mr. Walker, a new employee of the corporation, to assist him in purchasing a residence when he moved from Quebec to commence employment in British Columbia. The loan bears interest at 2%, which is to be paid monthly. The principal of the loan is to be repaid in full on April 1, 2028. The prescribed interest rate on April 1, 2019, was 4%. Assuming that the prescribed interest rate throughout 2022 was 3% and only the interest owing on the loan is paid each month, which one of the following amounts represents the increase in Mr. Walkers employment income in 2022 due to the loan?

A. 2000

B. 1000

C. 3000

D. 4000