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F is employed by a public corporation. In year 1, F was granted a stock option to acquire 3,000 shares from the

treasury of her employer's corporation for $10 a share. At the time of receiving the option the shares were valued at $12 per share. In year 3 F exercised the option and purchased 3,000 shares for $30,000. At the purchase date in year 3 the shares were valued at $13 per share. In year 5 F sold 3,000 shares for $18 per share. What amount is included in F's employment income for tax purposes in year 3?

G is employed by a Canadian-controlled private corporation. In year 1, G was granted a stock option to acquire 1,000 shares from the treasury of his employer's corporation for $8 a share. At the time of receiving the option the shares were valued at $10 per share. In year 3, G exercised his option and purchased 1,000 shares for $8,000. At the purchase date in year 3, the shares were valued at $15 per share. In year 5, G sold 1,000 shares for $20 per share. What amount is included in G's employment income for tax purposes in year 3?

J was employed as a salesperson and earned a salary of $80,000 and commissions of $3,000 in the current year. He incurred the following expenses to earn his income: Car expense $1,900; Out-of-town travel expenses (excluding car & meals) $2,100; Client meals 4,000; Advertising 2,000. What is the maximum amount that J can deduct in a arriving at employment income for tax purposes?

K is required to use her own automobile for employment purposes. She incurred the following expenses in the current year: Gasoline $2,200; Insurance $1,300; Repairs $700; Parking for employment purposes $250; Interest on car loan $3,900 for 12 months; Capital cost allowance $5,000. K drove the car 23,000 km of which 13,000 km were for employment purposes. What is the maximum amount that K is permitted to deduct from employment income in the current year?

M is employed as a marketing analyst and required by his employment contract to maintain a home office. His office occupies 10% of the total space in his home. He works 3 days a week in his home office and travels the remaining 2 working days. He incurs the following expenses: New desk $800, telephone (10% of total) $200; Internet (10% of total) $420; Utilities (10% of total) $500; House insurance (10% of total) $150; Mortgage interest (10% of total) $900; Property taxes (10% of total) $740; Maintenance (10% of total) $100. What is the maximum deduction from employment income for tax purposes available to M in the current year?

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