1. Individual Exercise: Working with international Compensation/taxation Differences 12% – Due in Week 8For the sake of exercise students will consider Canada as their home country. Students will be selecting 1. their dream role/job and 2. Their dream country this would be a country that you have always wanted to move to (make sure its not Canada) make sure you are converting your preferred destination currency into CAD for easy calculations; For example if your dream country is USA and you will earn 7000USD annually for your preferred job you will convert 70000USD into CAD· Now look at the average salary for your selected job title in both Canada and your dream country· Look at the tax bracket for your job title in both Canada and your preferred location (this will help you understand how much would you be taxed in both countries)· Calculate COLA (Cost of living) not for countries but for cities; for instance Vancouver v/s Los Angeles and so on. Do not rely on websites that give you exact figure for cost of living instantly such as Numbeo, Expatistan etc., as there data is not reliable and you are required to perform your own search. COLA add any items that you think should be included in cost of living Remember, the most concrete your item list is the better.· In the end calculate your Earnings after taxes and all necessary expenses savings · For your clarity I have added a table below to simplify your calculations Remember, this is just a template you dont have to blindly follow it show your creativityHR Consultant Vancouver Canada home countryHR consultant LA, USAAvg yearly salaryAvg yearly salaryTaxes think of all the common tax deductions applicableTaxes think of all the common tax deductions applicable in the host countryCOLA add any items that you think should be included in cost of living Keep in mind your family sizeCOLASavingsSavings· Conclusion: Based on your results write a conclusion as to whether or not you are moving to your dream country strictly one paragraph not more than 3 quarters of a page.· The correct file type is Word only. No EXCEL files will be accepted· You must include title page and list of references. NUMBER the references in your list.· No abstract, no introduction/this is an exercise not a paperAssessment Criteria: You will be marked based on how accurate your figures are, how thorough your analysis is and how creative and well researched your table is. Assessment will also include how well written and creative your conclusion is. You can add/include qualitative aspects of your analysis in the conclusion.Use at least 20 reliable links to support your information, include all your sources of information that you have used to gather the numbers/figures along with hyperlinks that instructor can access. For every element of your analysis provide a hyperlink. For instance if you have 5 links only in your reference list it easily shows that your paper is not well researched. DO NOT include hyperlinks in the table they will be given in list of references.