prescribed rate is 2% for the Q1 and Q2, and 3% for Q3 and Q4 during 2022. 5. In 2020, Ms. A was granted options to buy 500 of the company's shares at $20 per share. This option price was higher than the estimated FMV of the company's shares at the time the options were granted. On January 2, 2022, Ms. A exercised these options. At this time the FMV of the shares was $28 per share. At the end of 2022, Ms. A sells the shares for $30 per share. 6. SQUARE provided Ms. A with the following additional benefits and gifts: Allowance for acquiring regular business clothing $ 3,200 Music lesson fees (for her personal interest) 2,800 Taxation 1A-2023W Assignment 1 Mental health counselling fees 800 Christmas - wine and cheese basket gift 750 Thanksgiving - Starbucks gift certificate 100 7. During Ms. As business trip to a clients premise, she spent $900 on meals. All the meals were consumed while away for more than 12 consecutive hours from her employers place of business. 8. Ms. A paid due to her professional association of $950 as required by her employment contract. 9. Ms. A uses the 150 square foot office of her 750 square foot condo in Mississauga. Assume she exclusively uses her office for the employment purposes and is therefore eligible to claim the home office expenses. During 2022, her home costs were as follows: Property taxes $ 2,800 Utilities 2,200 Insurance 960 Repairs & maintenance 1,440 Mortgage interest 12,000 Total 19,400