Required; Determine Jason's minimum Net Income for Tax Purposes, Taxable Income, Tax Payable and amount owing (refund) for the 2022 taxation year. Ignore any provincial taxes. For the past 5 years, Jason has been employed as a financial analyst by a large Canadian public firm located in Winnipeg. During 2022 , his basic gross salary amounts to $63,000. In addition, he was awarded an $11,000 bonus based on the performance of his division. Of the total bonus, $6,500 was paid in 2022 and the remainder is to be paid on January 15, 2023. During 2022, Jason' employer withheld the following amounts from his gross wages: Other Information: 1. Due to an airplane accident while flying back from Thunder Bay on business, Jason was seriously injured and confined to a hospital for two full months during 2022. As his employer provides complete group disability insurance coverage, he received a total of $4,200 in payments during this period. All of the premiums for this insurance plan are paid by the employer. The plan provides periodic benefits that compensate for lost employment income. 2. Jason is provided with a car that the company leases at a rate of $678 per month, including both GST and PST. The company pays for all of the operating costs of the car and these amounted to $3,500 during 2022 . Jason drove the car a total of 35,000 kilometers during 2022,30,000 kilometers of which were carefully documented as employment related travel. While he was in the hospital (see Item 1), his employer required that the car be returned to company premises. 3. On January 15, 2021, Jason received options to buy 200 shares of his employer's common stock at a price of $23 per share. At this time, the shares were trading at $20 per share. Jason exercised these options on July 6, 2022, when the shares were trading at \$28 per share. He does not plan to sell the shares for at least a year. 4. In order to assist Jason in acquiring a new personal residence in Winnipeg, his employer granted him a five year, interest free loan of $125,000. The loan was granted on October 1 , 2022 and, at this point in time, the interest rate on open five year mortgages was 5 percent. Assume the prescribed rate was 2 percent on this date and remained unchanged during the year. Jason purchases a house for $235,000 on October 2, 2022. He has not owned a home during any of the preceding four years. 5. Other disbursements made by Jason include the following: Jason' employer reimbursed him for the tuition fees for the accounting course, but not the music course. The reimbursement was not included on his T4. 6. lason is a widower. His wife was killed in a car accident 2 years ago that injured his 8 year old son. Harold, so badly that he qualifies for the disability tax credit. Harold has no Net Income for the year. 7. Jason' mother, Grace, lives with Jason and cares for Harold. Grace is 67 years old and her Net Income For Tax Purposes is $7,500. Grace refused to take any payments for caring for Harold as she received a large inheritance in the previous year. As a result, Jason did not pay any child care or attendant costs for Harold. 8. Jason paid the following eligible medical costs: Other information: 1. In March, 2021 , Jason acquired a four unit apartment building. Two of the units will be rented on a furnished basis. To this end, Jason has acquired furniture at a cost of $12,800 in 2020 . The January 1, 2022 UCC balances are as follows for the building and furniture: Class 1$249,900 Class 8$11,520 In July, 2022, the tenants in both of the furnished units terminate their leases and move out. Because he is unable to find tenants who are interested in furnished units, the two units remain empty for three months. Given this situation, Jason sells all of the furniture for $10.400. During 2022, the units generate rents of $54.500. Expenses for the year, other than CCA, total 529,400 . 2. During the current year, Jason disposes of several items. The proceeds of disposition and the adjusted cost base of the various items are as follows: 3. During 2021, Jason sells a capital asset with an adjusted cost base of $87,200 for proceeds of $105,300. He receives a down payment of $5,300 in 2021, a second payment of $50,000 in 2022 , and a final payment of $50,000 in 2023. 4. For a number of years, Jason has owned a rural cottage property that has been used for his personat enjoyment. The cottage cost $142,000 in 2018 and, on July 1, 2022, it has a fair market value of $242,000. She estimates that the fair market value of the land on which the cottage is located is $22,000 on both of these dates. It will not be designated as his principal residence for any of the years owned. On July 1,2022, he rents the property to an arm's length party for an amount of $1,000 per month for a period of three years. Net rental income for the year ending December 31, 2022, before the deduction of any CCA, is $4,800