Question 11 Mrs. Joan Brockton is 42 years of age and lives with her husband Jack Brockton. They have two di who live with them. 3 "age 4: 4 age 5: 5 Employment Information Joan is employed by a large public corporation at an annual salary of $122,000. In addition, during 2020, she earned commissions of $16,000. Her employer withholds the following amounts from her income RPP Contributions $2,700 856 CPP 2,898 Professional Association Dues 1,500 Joan's employer makes a matching contribution to her RPP of $2,700, Her employer requires her to maintain an office in her home and has provided her with a signed Form T2200. The office occupies 15 percent of the floor space in hart home. The 2020 costs of operating this property are as follows Maintenance and Utilities 1 $2,200 Property Taxes 4.800 Insurance 950 Mortgage Interest 9,800 Several years ago, Joan's employer granted her options to buy 2,000 shares of the company's stock at a prior of $20 per share. This was the market value of the shares at the time the options were granted. In January 2020, when the shares are trading at $32 per share, Joan exercises all the options. In December 2030, the 2,000 shares are sold for 535 per share age 6: age 7: Joan's employer pays her an allowance of $1.500 per month to cover all of the employment related expenses including her use of an automobile that she owns personally. This automobile was acquired in 2019 at a cost E Question 11 Mrs. Joan Brockton is 42 years of age and lives with her husband Jack Brockton. They have two di who live with them. 3 "age 4: 4 age 5: 5 Employment Information Joan is employed by a large public corporation at an annual salary of $122,000. In addition, during 2020, she earned commissions of $16,000. Her employer withholds the following amounts from her income RPP Contributions $2,700 856 CPP 2,898 Professional Association Dues 1,500 Joan's employer makes a matching contribution to her RPP of $2,700, Her employer requires her to maintain an office in her home and has provided her with a signed Form T2200. The office occupies 15 percent of the floor space in hart home. The 2020 costs of operating this property are as follows Maintenance and Utilities 1 $2,200 Property Taxes 4.800 Insurance 950 Mortgage Interest 9,800 Several years ago, Joan's employer granted her options to buy 2,000 shares of the company's stock at a prior of $20 per share. This was the market value of the shares at the time the options were granted. In January 2020, when the shares are trading at $32 per share, Joan exercises all the options. In December 2030, the 2,000 shares are sold for 535 per share age 6: age 7: Joan's employer pays her an allowance of $1.500 per month to cover all of the employment related expenses including her use of an automobile that she owns personally. This automobile was acquired in 2019 at a cost E
