question 8 and 9

Question 9 (1 point) On January 15, 20X2, Kate was given an option to purchase 841 shares of The Tea Shop (a CCPC) for $2.50 per share. The market value of the shares on that date was $5.50. Kate exercised her option on June 1, 20X3 when the shares were valued at $8.50. She then sold the shares on March 17, 20X4 when the market value was $8.00 per share. Calculate Kate's stock option benefit inclusion for 20X4 (if any). Round answer to nearest whole dollar, do not use commas or dollar signs in your answer. Your Answer: Answer Question 8 (1 point) Kate Bell was employed by The Tea Shop (a Canadian controlled private corporation) from January to December of 20X4. She carned a gross salary of $64,000. She had the following deductions from her pay during the year: Income tax $15,000 Canada Pension Plan 4,544 Employment Insurance 955 Registered Pension Plan contributions,000 The following amounts were paid by The Tea Shop in 20X4 on Kate's Canada Pension Plan $4,544 Employment Insurance 1,337 Registered Pension Plan 3,000 Premiums for a private health pla1800 Group life insurance 1,200 Calculated Kate's minimum net income for tax purposes in 20X4. Round answer to nearest whole dollar, do not use commas or dollar signs in your answer. Your