Practice Questions for Final a) A taxpayer has the following financial results for a particular year: Business profit-A Enterprise Business loss-B Enterprise Other sources of income-pension Property income-interest Allowable capital losses on sale of land Allowable business investment loss Taxable capital gains on sale of securities Other deductions-alimony payments (spousal support) Employment income $10,000 3,000 12,000 5,000 20,000 2,000 15,000 3,000 30,000 Required: Determine the taxpayer's net income for tax purposes in accordance with the statutory scheme formula