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Marete is employed as well as being the sole shareholder in a holding corporation (ML Holdings Ltd.) that owns a small apartment building. Marete also

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Marete is employed as well as being the sole shareholder in a holding corporation (ML Holdings Ltd.) that owns a small apartment building. Marete also owns shares in Strong Corporation. During the year the financial results were as follows: Employment income $25,000 Allowable capital loss from the disposition of Strong Corporation shares (44,500) Net rental income earned by ML Holdings Ltd 15,000 Spousal Support Received. 4,500 What is Marete's net income for tax purposes for the year? $29,500 $25,000 ($19,500) $44,500

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