Question
Daria is a part time employee who recently started up her own business as a sole proprietorship. For the current year, she had the following
Daria is a part time employee who recently started up her own business as a sole proprietorship. For the current year, she had the following sources of income and loss:
Net employment income (loss) $15,000
Net business income (loss) (18,000)
Taxable (grossed up) dividend income 1,200
Interest paid on loan to purchase investments 2,000
Capital gain (loss) 12,000
Capital gain (loss) (16,000)
What is her non-capital loss carry forward for the year?
a). $3,000.
b). $3,800.
c). $5,800.
d). $18,000.
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