3/12 An individual tax payer has the following: employment income $30,000 taxable amount of dividends $1,000 interest and other income $2,000 Net rental income of $20,000 what should be reported on line 150 of the T1 return? Calculate the following for this individual tax payer: Total income is $80,000 allowable deductions $25,000 other allowable deductions $5,000 calculate: (a) net income (b) taxable income