\f\f\f\f\f\fJulie Short is a nancial analyst employed by Moretime Computers Inc. a public corporation. Her personal information is provided below: Personal Information Tmayer First Name Last Name Date of birth Marital Status Married Canadian Citizen Yes You are not being provided Julie's T4 rather all of the applicable references are provided for you to complete her 222 tax calculations. Julie's salary is $15.t} (T4 Box 14). none of which is commission income. In addition. she was awarded an incentive bonus of 345.12%. One-third of this bonus was paid during 222. with the balance due in April 2023. Mrs. Shoit's employer withheld the following amounts from her earnings: El Premiums {T4 Box 18] $ 953 CPP Contributions (T4 Box 16} 3.5130 RPP Contributions (T4 Box 20) 5.4130 Income Tastes [T4 Box 22 49.t} Contributions To United Way [T4 Box 46} 5.0130 Pension Adjustment (T4 Box 52} 3.t} Mrs. Short is married to John Short. who has some signicant permanent mobility issues since an automobile accident that occurred several years ago. He is 55 years old. and while the mobility issues are permanent. they are not signicant enough to qualify for the disability credit. Together. they have 3 children. Family Spouse Child Child Child Member First Name IEE._ LeetNeme SIN Date of Birth Net Ineeme All the children live with their parents. Martha's income is from interest on a bank account. She is in good health. Mary has mental health problems and has income from a paper route. Her mental health problems do not qualify for the disability credit. Mark attends university on a full time basis for it] months of the year. His tuition fees are $1 LUIS-1}. As he has no income of his own. he has agreed to transfer all of his education related credits to his mother. The family's 222 medical expenses. all of which were paid by heirs. Short. were as follows: I'IrIonth mate Patient IMeriical Description Amount Ex I ense clinic |Either Information: 1. Mrs. Short buys monthly transit passes for Mark and Martha. The cost is $25 per month per child. The passes covered the entire 12 months during 2U22 and were purchased at the beginning of each month respectively. IJ . Mrs. Short is provided with an automobile by her employer. The automobile is leased at a rate of 966% per month. including applicable HST. This payment also includes a payment of $15-12} per month for insurance coverage. During 22t}. the automobile is driven STUD-1} kilometers. of which 42.13% were employment related. The automobile was used by Mrs. Short for l months during 2022. She was required to return the automobile to her employer1s garage during the month that she did not use it. 3. Throughout their marriage. the Short have always lived in rented premises. Seeing the current level of mortgage rates as presenting an opportunity to acquire a residence. they purchase a 4 bedroom bungalow in the same neighbourhood for $450.0D on April 1. 21322. On this date. her employer provides Mrs. Short with a $3 . loan that will facilitate this acquisition. The loan requires payments of interest at a low rate of 1%. Assume that the prescribed rate is 5 percent throughout 21322. 4. During 2022. Mrs. Short receives several gifts from her employer: a} As is the case for all of her employer's senior staff. she receives a $4M! gift certificate that can be used for merchandise at a local clothing store. b} In recognition of 1D years of continuous service. she receives an engraved wrist watch. The retail value of this watch is $1.2m]. c} At Christmas all of the employees of her employer receive a gift basket containing gourmet food. The retail value of this basket is $3013. U"! . During 21322. Mrs. Short received options to purchasle 1.2013 shares of her employer's stock at a price of $3? per share. At the time the options were granted. the market price of the shares was $4 per share. During July. EDZE. when the shares are trading at $45 per share. Mrs. Short exercises all of these options. She sells all of these shares on December 31. 21322 for $55 per share. . Mrs. Short is a member of the Financial Analysts Professional Association and paid mom in dues during 1022. Her employer doesn't require this membership but she wants to maintain it and pays the dues personally. Mrs. Short earned some of interest on her bank's savings account during the year. . John had a part-time job in which he earned $l.2t}. The couple incurred well documented child care costs totalling $8.5M for both Martha and Mary. 9. Mrs. Short's mother passed away in late Hill and she received an inheritance of $l.0 in June SIZES. She had never had extra money to put into her TFSA and so she used half of this inheritance to contribute to a TFSA. During the remaining a months of EDGE. the TESA earned $l.{> in interest. She used $25.D to contribute to her RRSP during EDGE. She had lots of room available in her RRSP. The balance of the inheritance was used to pay off some old credit card bills. 112). Mr. Short participated in some gambling from time to time and won $2.0 in December. which the family used to buy a new car