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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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