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Case 4: Mr. Ray has the following incomes and other tax related items Net Business Income $72,438.00 Salary from job $21,546.00 Rental Income from Appartment
Case 4: Mr. Ray has the following incomes and other tax related items Net Business Income $72,438.00 Salary from job $21,546.00 Rental Income from Appartment $14,400.00 Contribution to RRSP $18,590.00 Capital Losses Allowed $2,370.00 Gains in TFSA investments $3,429.00 What is the taxable income for Mr. Ray? Question 4 options: $91,266 $94,746 $87,424 $98,142
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