Question
Mr Jacob Johnson has net employment income of $58500 (after the deduction of $6100 in RPP contributions), business income of $15800, taxable dividends of $8,000,
Mr Jacob Johnson has net employment income of $58500 (after the deduction of $6100 in RPP contributions), business income of $15800, taxable dividends of $8,000, and pays deductible support payments to his former spouse of $15800 during the year. He also had a net rental loss of $10700. What is Mr. Johnson's Earned Income for RRSP purposes for the current year?
Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response.
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Auditing And Other Assurance Services
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser
10th Canadian Edition
0131296159, 978-0131296152
