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Question 1 The following cases makes different assumptions with respect to the amounts of income and deductions of Miss Tara Plante for the current
Question 1 The following cases makes different assumptions with respect to the amounts of income and deductions of Miss Tara Plante for the current taxation year under the various subdivisions of Division B of the Income Tax, and the last two previous years' taxes payable: Case 1-A Employment Income $35,000 Income (Loss) From Business (36,000) Income From Property 21,000 Taxable Capital Gains 42,000 Allowable Capital Losses (57,000) Subdivision E Deductions (Spousal Support) (5,500) Taxable Income Previous Years: 2018: $2,500 2019: $3,500 Case 1-B Employment Income $18,500 Income (Loss) From Business (28,200) Income From Property 12,000 Taxable Capital Gains 9,000 Allowable Capital Losses (12,000) Subdivision E Deductions (Spousal Support) (10,500)
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