The following pertains to the $2024$ tax year. Cleo is employed by ABC Inc., a public corporation. You are provided with the following information: Cleo's salary for the year was $$90,000,$ a cash bonus of $$8,000$ was announced on December $3$rd to be paid to Cleo on January $10$th$,2025,$ RPP contributions of $$2,000$ were made by both Cleo and ABC, Cleo exercised a stock option during the year when the FMV was $$5$ per share $($granted at $$4$ per share when the FMV was $$3),$ and a $$20$ meal allowance was provided once a month due to the three hours of overtime that was required once a month immediately following eight hours of regular work. Which of the following is correct?

Multiple Choice

Cleo's meal allowance is a non$-$taxable benefit.

The stock option was granted at a price greater than the fair market value and is therefore not taxable until sold.

The cash bonus is taxable in $2024.$

Cleo will have a $$4,000$ RPP deduction from employment income.