Susanna Sculley, a marketing representative with MBI Technology Inc. $($a public company$),$ provided the following

information relating to her current year's personal income tax return. Susanna's cumulative pay at year end revealed the

following:

ITA: $($i$)$

MBI also granted Susanna a stock option, which she exercised in April of the current year. The following information

relates to the stock option:

Number of shares for options exercised

Fair market value $-$ grant date

Option price

Fair market value $-$ exercise date

$$1,000$

$1\mathrm{.}50$

$1\mathrm{.}80$

$2\mathrm{.}50$

Susanna's employer did not reimburse her, or provide her with an allowance for the expenses incurred to earn commission

income. However, MBI did expect her to take clients out for lunch and travel when necessary.

Susanna would like you to calculate her income from employment for the current year.