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An individual, who operates a business as a sole proprietor, had the following transactions during 2 0 2 3 : 1 Interest income from investments

An individual, who operates a business as a sole proprietor, had the following
transactions during 2023:
1 Interest income from investments of $11,000
2 Dividend income from a public corporation of $5,000
3 Dividend income from a private corporation of $3,000
4 Dividend income from a foreign corporation of $6,500
5 Net rental income of $18,000
6 Net business income before CCA deductions of $83,000
7 Proceeds from sales of stock of $49,000(adjusted cost base of $33,000)
8 Proceeds from sales of listed personal property of $12,000(adjusted cost base of $10,000)
9 Proceeds from sales of personal use property of $13,000(adjusted cost base of $18,000)
10 Donation of public corporation stock to a public charity: fair market value of $38,000, adjusted
cost base of $21,000)
Information on the assets used in the sole proprietorship business are as follows:
11 Purchase of first vehicle for use in the business $28,000
12 Class 8 undepreciated capital cost (UCC) at the beginning of the year is $14,000
13 Class 50 UCC at the beginning of the year is $3,000
14 Proceeds from sale of a portion of Class 8 property $5,000
15 Proceeds from sale of all Class 50 property $4,500
Answer the following questions:
a) How much dividend income will be included in net income in 2023?
b) How much total property income ("income from property") will be included in net income in 2023?
c) How much taxable capital gain or loss will be included in net income in 2023?
d) What is the maximum CCA deduction that may be claimed for the business in 2023?
e) How much business income will be included in net income in 2023?
f) What is net income for 2023?

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