QUESTION Problem 1-Part A Ms. Larraine Jackson is a very successful salesperson for a large publicly traded company. For 2020, her hase 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: Registered Pension Plan Contributions El Premiums CPP Contributions Contributions To the Local United Way Life Insurance Premium (Employer Makes Matching Contribution) $7,500 2,896 1,200 Me Jackson is divorced and has custody of her 12 year old son and 10 year old daughter, both of whom live with her. Her taughter, who is legally blind, has no income of her own during 2020. Her son has summer job employment income of $2.350 Other information 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 cost Mais While Travelling Hotels Advertising Total $4,500 9.000 11,000 5.000 $29,500 3. Jackson received options to acquire 2,500 shares of her employer's common shares two years ago. The option price was $50 per share, the market value of the common shares at the time the options were granted. During July 2000, after the market price of the shares reaches $72 per share, Ms. Jackson exercises all of these options. She la sill holding the shares at the end of the year 4. Her employer provides all employees with gifts on their birthday. For 2000, Ms. Jackson received a $250 certificate for a massage and facial at a local spa along with $200 in cash A. Determine M. Jackson's minimum at Employment Income for the 2020 taxation year. Show all calculations to support your answers