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Just wanna confirm about the Calculations! is that right or not? D E 1 Question 2 Ms. Burke had net employment income of $21,000 and

Just wanna confirm about the Calculations!
is that right or not? image text in transcribed
D E 1 Question 2 Ms. Burke had net employment income of $21,000 and net rental income of $5,000. Her unincorporated business lost $2,300 during this period. As the result of dispositions of capital property, she had taxable capital gains of $17A00 and allowable capital losses of $29,200. Her Subdivision e deductions for the year totaled $6,300. Fortunately for Ms. Burke, she won $1,000,000 in a lottery on March 3. 2 Required: Calculate Ms. Burke's Net Income For Tax Purposes (Division B income). (4 marks) 3 4 ITA 3(a) 5 Net Employment Income 6 Net Rental 21,000 5,000 7 8 Subtotal 3(a) 9 ITA 3(b) 26,000 0.5 mark 10 Taxable capital gains 17,400 11 Allowable capital losses 29,200 12 Subtotal 3(b) (11 800) 13 Subtotal 3(a) + 3(b) 14,200 0.5 mark 14 ITA 3(c) 15 Subdivision e deductions 6,300 16 17 Subtotal 3(c) 6,300 18 Subtotal 3(a) + 3(b)-3(c) 7,900 0.5 mark 19 ITA 3(d) 20 Net Business loss 2,300 21 2,300 0.5 mark 22 Subtotal 3(d) 0.5 mark 23 Net Income for tax purposes 24

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