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It is a Tax question - (Net Income For Tax Purposes - Four Cases) The following four Cases make different assumptions with respect to the

It is a Tax question
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- (Net Income For Tax Purposes - Four Cases) The following four Cases make different assumptions with respect to the amounts of income and deductions of Frank Denham for the current year: Case A Case B Case C Case D Employment Income $58,200 $82,600 $46,700 $33,400 Income (Loss) From Business ( 12.300) (8,400) ( 62,300) (46,200) Rental Income (Loss) 5,400 12,200 2,600 (18,300) Taxable Capital Gains 31,600 15,600 11,600 23,100 Allowable Capital Losses ( 12,400) (23,400) ( 10,700) (24,700) Subdivision e Deductions (4,100) (5,400) ( 11,600) (5,600) Required for each Case, calculate Mr. Denham's 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 current year, or state that no carry overs are available

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