5) Fred Hopkins has employment income of $45,000, a business loss of $14,000, capital gains of $20,000, capital losses of $12,000, and subdivision e deductions of $3,000. Fred's Net Income For Tax Purposes is equal to:

Question 5 options:

a)

$50,000.

b)

$39,000.

c)

$32,000.

d)

$36,000.

which is the correct answer