Izumi Tanaka Is Employed by TSK Inc $\bullet$ Izumi Earned $90,000 from TSK

Izumi Tanaka is employed by TSK Inc., a Canadian controlled private corporation.The following information pertains to the tax year in question:
$\bullet$ Izumi earned $90,000 from TSK.
$\bullet$ A cash bonus of $8,000 was announced on December 3^rd, to be paid to Izumi on January 10^th of the following year.
$\bullet$ Izumi was provided with a company car for the entire year.The cost of the car (including taxes) was $40,000.All operating costs were paid by TSK.Izumi drove the car 21,000 kilometers in 2020.10,000 kilometers were for personal use.
$\bullet$ Izumi and TSK each contributed $2,000 towards Izumi's registered pension plan.
$\bullet$ Izumi was presented with a watch from TSK, valued at $200, as a birthday gift.
$\bullet$ TSK provided Izumi with a $200 cell phone to be used for business purposes.
$\bullet$ In January, Izumi was granted a stock option to purchase 2000 shares in TSK at a cost of $8.00 per share.At that time, the fair market value per share was $9.00.Izumi exercised the option in February when the market value had risen to $9.50 per share.
$\bullet$ Izumi took a $15,000 low-interest loan from TSK on January 1^st, with a 1% interest rate.The CRA's prescribed rate during the year was 3%.
$\bullet$ TSK provided Izumi with a $25 meal allowance every week due to the two hours of overtime that was required to work each Wednesday immediately following eight hours of regular work.
$\bullet$ An annual union due of $850 was deducted from Izumi's pay in 2020.
Required:
A) Calculate Izumi's minimum employment income for tax purposes in accordance with Section 3 of the Income Tax Act.
B) Identify any items that have been omitted in your calculations, and briefly explain why.