Canadian Income Tax:

On January 1, 2017, Victoria purchased a used BMW to be used in her unincorporated business. It cost $73,500 (including 5% GST $3,500), with maximum CCA being deducted in that year as a class 10.1 (30% CCA) vehicle. The purchase was financed with a bank loan of $42,000. For 2018, the interest on this loan was $8,560. The automobile is used exclusively for business purposes, with the 2018 operating costs totaling $6,300. In determining her 2018 business income, her maximum automobile related deduction will be:

a. $18,492.50

b. Need more information to calculate it

c. $14,450

d. $17,600