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Fadel Ghanem has the following sources of income and deductions: Employment income 34,000 Property income 6,000 Business loss 54,000 Taxable capital gain 4,000 Allowable capital

Fadel Ghanem has the following sources of income and deductions:

Employment income 34,000

Property income 6,000

Business loss 54,000

Taxable capital gain 4,000

Allowable capital loss 2,000

What is Fadel's net income?

a. $12,000 Loss

b. $40,000 Income

c. Nil

d. $44,000 Income

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