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Carey Shivas earned $75,000 in employment income in 2021, $7,000 in capital gains, and $5,000 in business income. Carey realized a business loss for tax
Carey Shivas earned $75,000 in employment income in 2021, $7,000 in capital gains, and $5,000 in business income. Carey realized a business loss for tax purposes of $8,000 in 2020 which could not be used, and a capital loss on the sale of public shares for $3,000 which could not be used, either. How much is Carey's taxable income for 2021? (Exclusive of enhanced CPP) Multiple Choice $66,500 $72,000 $70,000 $74,000
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