Mary Chan, has the following information for her Income Tax Return this year:

Net Capital Gains	$12,000
Annual Union Dues	$2,000
Employment Income	$40,000
RRSP Deduction	$10,000
Employment Expense Deduction	$3,000
Net Capital Loss Carry forward from 2015, available this year	$50,000

Please choose the most accurate answer for Mary's T1 Income Tax Return this year?

Assume Mary will want to minimized her taxable income this year.

		The Taxable Capital Gains is $10,000 The Taxable Income is $40,000 The Net income is $40,000 The Total Income is $45,000 The Maximum Net Capital Loss carry forward this year will be $10,000 (Line 253000)
		The Taxable Capital Gains is $5,000 The Taxable Income is $35,000 The Net income is $30,000 The Employment Income is $45,000 The Maximum Net Capital Loss carry forward this year will be $50,000 (Line 253000)
		The Taxable Capital Gains is $6,000 The Taxable Income is $25,000 The Net income is $31,000 The Total Income is $46,000 The Maximum Net Capital Loss carry forward this year will be $6,000 (Line 253000)
		The Taxable Capital Gains is $6,000 The Taxable Income is $25,000 The Net income is $30,000 The Total Income is $45,000 The Maximum Net Capital Loss carry forward this year will be $6,000 (Line 253000)