Ursula Chang works as a Senior Account Manager for Decorous Stone and Tile $($Deco$),$ a Canadian public company. Her responsibilities include selling tiling products to various retailers across North America, as well as negotiating supplier contracts on behalf of her employer. Ursula$$s financial information for $2023$ is as follows:

Salary $$180,000$

Payroll deductions $($paid by Ursula$)$:

Employment Insurance premiums: $$1,002$

Canada Pension Plan contributions: $$3,754($includes CPP enhanced contributions of $$631)$

Registered pension plan contributions: $$8,000$

Gym membership: $$200$

Income tax: $$50,000$

Deco paid for the following expenses on behalf of Ursula:

Golf club dues $($Ursula uses the club exclusively for recreation$)$: $$2,500$

Group term life insurance premiums: $$900$

Private health insurance premiums: $$700$

Registered pension plan contributions: $$8,000$

Ursula is the top performing account manager at Deco and consistently exceeds her sales targets. She earned commissions of $$90,000$ for her performance in $2023.$ By December $31,2023,$ she had only received $$10,000$ of these commissions; the rest will be paid in January $2024.$

Ursula$$s performance in $2023$ was so exceptional that she was also awarded a cash bonus of $$20,000,$ a $$300$ bottle of champagne, and a $$200$ gift card for her outstanding service. The cash bonus was awarded in December $2023,$ but will not be paid until March $2024.$

Due to the significant volume of sales Ursula manages, she is required to hire assistants at her own expense. Ursula hired her two daughters, Samantha and Rachel, and paid each of them a $$6,000$ salary in $2023.$ Samantha is in high school and works on a part$-$time basis after school and over the summer. Rachel attends university and is too busy focusing on her studies to work a part$-$time job, but she was paid the salary anyways so that she would have some spending money while in school.

For the first six months of the year, Ursula used her own car to carry out her employment duties. The car was leased and the monthly lease payments were $$1,000$ plus $13\%$ HST$.$ The lease terminated on June $30,2023.$

On July $1,2023,$ Deco provided Ursula with a company$-$owned vehicle. The company vehicle cost Deco $$70,000$ plus $13\%$ HST$.$ Deco also paid for all the operating costs of the vehicle effective July $1,2023.$ The operating costs totalled $$3,000$ for July through December.

Ursula maintains a vehicle log that shows she drove approximately $1,667$ kilometres each month in $2023.$ Employment use of the car each month was $60\%.$

The company flew Ursula to China in March $2023$ to negotiate several new supplier contracts on behalf of Deco. The travel costs, which were paid by Deco, totalled $$8,000.$ This amount included extra airfare of $$2,000$ to allow Ursula to bring her spouse on the trip.

Ursula incurred the following out$-$of$-$pocket expenses.

Car operating expenses $($January $1$ to June $30)$ $ $6,000$

Transportation $($other than car$)$ and accommodation in Canada $ $5,000$

Client entertainment meals $ $1,000$

Advertising and promotion $ $3,000$

Tablet computer $ $700$

Ursula was granted an option to acquire $1,000$ shares of Deco for $$15$ per share. At that time, Deco shares were trading for $$15$ a share. In December $2023,$ when Deco shares were trading for $$18$ per share, Ursula exercised the option and acquired $1,000$ shares. Ursula did not sell any shares in $2023.$

Required:

Determine Ursula$$s employment income for tax purposes for the $2023$ taxation year. Provide a brief explanation for any amounts you have purposely excluded from the calculation.

PLEASE INCLUDE ALL STEPS. I WANT TO LEARN