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q8 Fred Hopkins has an employment income of $58,000, capital gains of $20,000, allowable capital losses of $12,000, business loss of $23,000 and other deductions

q8 Fred Hopkins has an employment income of $58,000, capital gains of $20,000, allowable capital losses of $12,000, business loss of $23,000 and other deductions under sub-division e (3c) of $3,000. Freds Net Income for Tax Purposes is equal to:

a.

$40,000

b.

$32,000

c.

$36,000

d.

$55,000

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