Time left 1:57:11 Question 12 Not ye Maked out of 400) queen Morgan has been employed for many years as a Pharmaceutical Technician in Calgary, Alberta. Her employer, PT, is a large Canadian Controlled Private Company. During 2021, her employer gives her the option to purchase 1000 shares at an option price of $12/share. The fair market value of the shares is determined to be $13 at this time. 1) Are there tax consequences in 2021? (1 mark) 2jtn 2022 Morgan exercises her shares. The fair market value of the shares is $16. Explain to Morgan if there is an impact during 2022 when she exercises her shares, Why or why not? (2 marks) 3Morgan is planning on selling her shares in 2024, and she is confident that she will be able to sell her shares for more then what she paid in a couple years. Explain to Morgan what amounts will be included in her net income for tax (2 marks? Will she qualify for 1/2 of the stock option benefit as a deduction (1 mark? A- B 19 8- Provide your answers to part 1, 2 and 3 below. 1)