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19. The following three cases make different assumptions with respect to the amounts of income and deductions of Ms. Cheryl Blanton for the year 2023:
19. The following three cases make different assumptions with respect to the amounts of income and deductions of Ms. Cheryl Blanton for the year 2023: Case A Case B Case C Employment Income 28,000 20,000 16,000 Income From Business 15,000 2,000 Loss From Business 39,000 Income From Property 14,000 Loss From Property 36,000 18,000 Taxable Capital Gains 21,000 30,000 22,000 Allowable Capital Loss 27,000 36,000 30,000 Subdivision e Deductions 11,000 7,000 5,000 Required for each case: 1) Calculate Ms. Blanton's Net Income for Tax Purposes (Division B income). 2) Indicate the amount and the type of loss carryovers that would be available at the end of the current year, and the time limit that it can be carried over or back. 3) Indicate what type of income the loss carry over can be deducted from. You may use a spreadsheet to answer this question and submit it as an additional attachment
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