Steven Is Employed by Big Rigs Inc

Steven is employed by Big Rigs Inc., a Canadian controlled private corporation. Steven earned $85,000 in 20X1. During the year, the following occurred:
A cash bonus of $8,000 was announced on December 3rd, to be paid to Steven o January 10th of the following year.
Steven was provided with a company car which he drove all year. The cost of the car (including taxes) was $42,000. All operating costs were paid by the employer Steven drove the car 21,000 kilometres in 20X1, of which 10,000 kilometres
were for personal use.
Big Rigs contributed $5,000 towards Steven's registered pension plan.
Steven contributed $5,000 towards his registered pension plan.
Steven was presented with a watch valued at $200 on his birthday.
The company provided Steven with a $200 cell phone to be used for business purposes.
In January of 20X1, Big Rigs loaned Steven $15,000 at a rate of 1% interest. The CRA's prescribed rate of interest during the year was 3%.
In January, Steven was offered a stock option to purchase 2000 shares in Big Rig at a cost of $8.00 per share. At that time, the fair market value per share was
$9.00. Steven exercised his option in February when the market value had risen to $9.50 per share. At the end of the year, Steven had not sold any of the shares,
and he was hoping to purchase more shares in the company in the upcoming year
Big Rigs provided Steven with a $25 meal allowance every week due to the two hours of overtime that he was required to work each Wednesday immediately
following his eight hours of regular work.
10.Steven's annual union dues totaled $850, which was deducted from his pay. Required:
Calculate Steven's minimum employment income for tax purposes. Explain why any items have been omitted in your calculations.