10.

Jerry provides you with his income tax information for this year:

1. Employment Income:$200,000
2. CPP Deduction from his Payroll T4 slip: $0 (16 years old)
3. EI Deduction from his Payroll T4 slip: $700
4. Capital Gains: $20,000 (hint: calculate taxable capital gains)
5. Union Dues Deduction:$2,000
6. RPP Deduction:$10,000 (based on previous years earned incomes, assume allowed amount for this year)
7. Interest Income: $5,000
8. Employment Expense Deduction: $10,000
9. Non-Capital (Business Loss from 2018) Loss Carry Forward: $20,000
10. Net Capital (netted at 50%) Loss Carry Forward: $10,000

What will Jerry insert into his Line 26000, Taxable Income , this year?