Janet Jones earned the following income and incurred the following expensesfor the current year.The ITA sections pertaining to the inclusion or deduction of income are given in parentheses where pertinent.

Income

ABC Ltd.employment:

Salary

$60,000

Taxable employmentbenefits[various,per Section6]

3,630

XYZ Ltd.employment:

Salary

9,000

Interest income[S12(1)(c)]

1,250

Dividends(taxable amount of dividend)[S12(1)(j)]

4,500

Taxable capital gain

5,000

Losses,deductions,or expenses

Union dues paid by Janet,as indicated on theABC Ltd.T4slip

Union dues paid by Janet,as indicated on theXYZ Ltd.T4slip

Employment expenses,approved by ABC Ltd.andForm T2200signed

900

200

2,800

Moving expenses:conditions met and allowedexpenses(Section62)

3,200

RRSP(allowed)deduction[S60(i)]

18,000

Interest expenses on loan to acquireinvestments that gave rise tointerestand dividend income

Accounting fees paid in the current year

Allowable capital loss,which includes anallowable business investment loss(ABIL)of$3,000

2,500

350

9,000

Required:

Compute Janet'sNET INCOMEfor thecurrent yearperSECTION3of the Income TaxAct.Note:you must use the Section3format and you must provide the sub-totals for paragraphs3(a),3(b),3(c)and 3(d).