1 Question 2 Ms. Burke has the following income (loss) and deductions: 2 3 Employment income 4 Income (Loss) from business Rental income (loss) 5 6 Taxable capital gains 7 Allowable capital losses Subdivision e deductions 8 66,334 12,525 (96,558) 32,268 (31,194) 5,841 10 Required: Calculate Ms. Burke's Net Income For Tax Purposes (Division B income). (4 marks) 11 Enter any deductions or losses as a negative below. 12 ITA 3(a) 13 14 15 16 Subtotal 3(a) 17 ITA 3(b) 18 19 0.5 mark 20 Subtotal 3(b) 21 Subtotal 3(a)+3(b) 0.5 mark 0.5 mark 22 ITA 3(c) 22 23 24. Cover sheet - please read Q1 Q2 Q3 Q4 Q5 + Ready Type here to search I 20 Subtotal 3(b) 0.5 mark 21 Subtotal 3(a)+3(b) 0.5 mark 22 ITA 3(c) 23 24 25 Subtotal 3(c) 26 Subtotal 3(a)+3(b)-3(c) 27 ITA 3(d) 28 29 30 Subtotal 3(d) 31 Net Income for tax purposes 32 0.5 mark 0.5 mark 0.5 mark Indicate the amount and type of any loss carry overs that would be available at the end of the current year, or state that no carry overs are available. (1 mark) 33 34