mc_s_23_24 - less: stock option deduction; as the shares...

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MULTIPLE CHOICE QUESTIONS SOLUTIONS Q23. (i) (d) An increase in employment income of: ($17 - $15) x 500 = $1,000 (ii) (b) A taxable capital gain of: ($24 - $17) x 500 = $3,500 x ½ = $1,750 Q24. (i) (d) employment income $10,000 ($6 - $3) = $30,000* taxable capital gain 10,000 x ($7 - $6) x ½ 5,000 35,000
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Unformatted text preview: less: stock option deduction; as the shares were held for at least 2 years (15,000) $20,000 * Since the company is a CCPC, this amount is taken into income at the time the shares are disposed of (ii) (c) The adjusted cost base of the shares is $60,000 ($6 per share)....
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This note was uploaded on 02/05/2011 for the course ACTG 4720 taught by Professor Gaildrory during the Winter '11 term at York University.

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