QUESTION 1 Problem 1-Part A Ms. Larraine Jackson is a very successful salesperson for a large publicly traded company. For 2020, her base salary is $250,000. In addition, she received commissions totaling $12,000 during the year. For 2020, she also received a bonus of $32.000, one-half of which was paid during 2020, with the remainder due on January 31, 2021. During 2020, her employer withholds the following amounts from her salary: CPP Contributions Registered Pension Plan Contributions $7,500 El Premiums 856 2,800 Contributions To the Local United Way 1,200 (Employer Makes Matching Contribution) 460 Life Insurance Premiums Ms. Jackson is divorced and has custody of her 12 year old son and 10 year old daughter, both of whom live with her. Her daughter, who is legally blind, has no income of her own during 2000. Her son has summer job employment income of $2,350. Other Information 1. Ms. Jackson's employer provides her with an automobile that has a cost of $47,460, including applicable HST. During 2020, the automobile is driven 53.000 kilometres, of which 48,000 were for employment-related activities. Ma Jackson pays all of the operating costs for the car. For 2020, these totaled $7.950, with no reimbursement from her employer. The automobile was used by Ms. Jackson throughout 2020 2. Because of the high level of her salary, Ms. Jackson is required to pay her own advertising and travel costs. In addition to the operating costs for her vehicle, she paid for the following employment-related costs: Mesis While Travelling Hotels Advertising Entertainment Total $4,500 0.000 11,000 5,000 $29.500 3. Ma. Jackson received options to acquire 2.500 shares of her employer's common shares two years ago. The option price was 550 per share, t July 2000, after the market price of the shares reaches $73 per share, Ms. Jackson exercises all of these options. She is still holding the sha 4. Her employer provides all employees with gifts on their birthday. For 2020, Ms. Jackson received a $250 certificate Required market value of the common shares at the time the options were gramind. During end of the year. massage and facial at a local spa along with $200 in cash A. Determine Ms. Jackson's minimum Net Employment Income for the 2000 taxation year. Show all calculations to support your answers