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Use the following information for questions # 23, # 24, # 25, and #26. In 2013, Denise was hired as the VP of Telecommunications with Cobra Tech Corporation; a company listed on the TSX. At the time of hiring she was granted options on 1500 common shares at an excercise price of $25 and a 5 year expiry when the stock was trading at $18 per share. The option was granted with an excercise fee of $0.65 per share. In 2015, Denise exercised 500 options on the shares when the price of Cobra Tech was trading at $37. In 2017, Denise exercised her remaining options on the shares when the price of Cobra Tech was trading at $27.50. In 2018, Denise retired from the company and later that same year she sold half of her shares in Cobra Tech for $44 per share. For 2013, calculate the tax implication: $0 O $325 $12,500 O $25,000 Dave had a vehicle valued at $28,000 provided to him by his employer from January 1st to December 31st of last year and the employer specified that the vehicle was required for business. Dave used the vehicle for a total of 330 days in the year. During that time, he drove $25,000 kilometers in total, out of which 12,000 kilometres were for his personal use. Dave wants to know the amount of a taxable benefit that he will be given by his employer for the use of the company vehicle last year Standby charge: $0 Operating cost benefit: $0 Standby charge: $0 Operating cost benefit: $1,450 Standby charge: $1,450 Operating cost benefit: $0 Standby charge: $4,012 Operating cost benefit: 1,878 Standby charge: $4,031 Operating cost benefit: $2,016 Use the following information for questions # 23, # 24, # 25, and #26. In 2013, Denise was hired as the VP of Telecommunications with Cobra Tech Corporation; a company listed on the TSX. At the time of hiring she was granted options on 1500 common shares at an excercise price of $25 and a 5 year expiry when the stock was trading at $18 per share. The option was granted with an excercise fee of $0.65 per share. In 2015, Denise exercised 500 options on the shares when the price of Cobra Tech was trading at $37. In 2017, Denise exercised her remaining options on the shares when the price of Cobra Tech was trading at $27.50. In 2018, Denise retired from the company and later that same year she sold half of her shares in Cobra Tech for $44 per share. For 2013, calculate the tax implication: $0 O $325 $12,500 O $25,000 Dave had a vehicle valued at $28,000 provided to him by his employer from January 1st to December 31st of last year and the employer specified that the vehicle was required for business. Dave used the vehicle for a total of 330 days in the year. During that time, he drove $25,000 kilometers in total, out of which 12,000 kilometres were for his personal use. Dave wants to know the amount of a taxable benefit that he will be given by his employer for the use of the company vehicle last year Standby charge: $0 Operating cost benefit: $0 Standby charge: $0 Operating cost benefit: $1,450 Standby charge: $1,450 Operating cost benefit: $0 Standby charge: $4,012 Operating cost benefit: 1,878 Standby charge: $4,031 Operating cost benefit: $2,016

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