|Question l: "I'axable Income Mr. Allen Arnold is 53 years old. Allen works for a large public company, Big Corporation as an accountant. Allen is in the process of completing her 201'}r personal income tax return. haired: Allen needs your help to calculate his Taxable hicomc for 201?. He has compiled the following information regarding to his transactions in 201?: Salary [gross] $103,000 Deductions Canada Pension Plan [CPP] $2,504 Employment insurance [El] 336 hrcome tas 10,300 Registered pension plan 3,500 Private health and dental plan premiums 250 Disability insurance premiums 1,200 Reimbursement for use of company car 000 Big Corporation paid the following amounts on his behalf. CPP and E1 $3,331 Private health and dental plan premiums 250 Group term life insurance 350 Disability insurance premiums 250 Registered Pension Plan 3,000 Either information: 1- As part of his employment duties, Allen is required to travel to dierent company branches throughout Alberta to perform accounting tasks. Big Corporation provides him with a 2011iIr Toyota Prius and paid for all of the operating expenses. He drove the vehicle a total of 31, 000 Inn in the year with 3, 000 being for personal usage. The vehicle was purchased by the employer for 354?, 000. It was available for his use for the entire year. The operating expenses for the year totaled sasoo. The disability plan was implemented in 2015. Allen paid $211] in annual premiums in 2015 and $500 in 2015. hi the cm'rent year, as a result of an unfortunate accident he sustained an injury and was unable to work He was off for 5 weeks and collected $3,000 from the insurance company. Cln January 1, 201?, Big Corporation implemented a stool: purchase plan for all employees giving them the opportunity to purchase up to 5,EH30 common shares at $10 per share- At that time the shares were valued at $5.00 per share. On February 14, 201'}Ir Allen purchased 5,000 shares when they were valued at $13 per share. He sold 2,000 shares for $30 per share on September 2?, 201