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Mary Singh, has the following information for her Income Tax Return this year: Net Capital Gains $10,000 Annual Union Dues $2,000 Employment Income $40,000 RRSP

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

Net Capital Gains $10,000
Annual Union Dues $2,000
Employment Income $40,000
RRSP Deduction $10,000
Employment Expense Deduction $3,000

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

The Taxable Capital Gains is $5,000

The Taxable Income is $40,000

The Net income is $40,000

The Total Income is $50,000

The Taxable Capital Gains is $5,000

The Taxable Income is $30,000

The Net income is $30,000

The Total Income is $45,000

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 Taxable Capital Gains is $10,000

The Taxable Income is $40,000

The Net income is $40,000

The Total Income is $45,000

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