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Instructions: During the 2020 year, Ricky has net employment income of $52000 and interest income of $6000. Capital gains for the year total $39200, while

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Instructions: During the 2020 year, Ricky has net employment income of $52000 and interest income of $6000. Capital gains for the year total $39200, while capital losses are realized in the amount of $8300. He has deductible child care costs of $1200 and he is able to make a $5000 deductible RRSP contribution. He also has a business loss of $174300 Required: Calculate Ricky's 2020 Net Income for Tax Purposes (Division B income). Indicate the amount and type of any loss carry overs that would be available at the end of the year. Respond on the "P1- Response" tab in the yellow boxes. Fill the appropriate numbers in each of the yellow boxes in order to solve problem 1. Losses and deductions shot

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