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Answer in type written please Q. No. 5. It. the current year, Phillip Hard earned the following income: - Employment income $80,000 Property income 2,000

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Q. No. 5. It. the current year, Phillip Hard earned the following income: - Employment income $80,000 Property income 2,000 ' Gains: ' Shares of Corporation X $12,000 - Personaluse property 7,000 ' Listed personal property - Losses: ' Shares of Corporation Y (15,000) ' Shares of small business (4,000) corporation ' Listed personal property 300 (19,300) 83 300 Determine net income in accordance with the aggregating formula in Section 3 of the ITA. Assume Other deductions total $1 ,000. C). No. 6 Bryce Kaan had income for tax purposes for the Cl ent year as follows: Salary $l ,000 Taxable benefits l,000 Registered pension plan deduction I m Employment income for tax purposes I,000 Loss from a parttime business (0,000) Spousal support received 12,000 Interest income 1,000 Rental income 22,000 $96,000 Determine Bryce's earned income for RRSP purposes for the current year, 2021

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