QUESTION 3 Mr. Schmidt purchased 250 shares of Doss Limited on February 1 of the current...

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QUESTION 3 Mr. Schmidt purchased 250 shares of Doss Limited on February 1 of the current year for $20 per share. On May 1 of the current year, he purchased 100 more shares for $25 per share. On June 20 of the current year, Mr. Schmidt sells 100 shares for $15 per share. His allowable capital loss on June 20 is $643. True O False QUESTION 4 Maxine is the sole proprietor of a home based business. She paid $25,000 to her editorial assistant, $8,000 to her son as her computer technician, and $32,000 she withdrew from the business as salary. How much can she deduct as a business expense with respect to these three amounts? Nil. $65,000. $25,000. $33,000. QUESTION 3 Mr. Schmidt purchased 250 shares of Doss Limited on February 1 of the current year for $20 per share. On May 1 of the current year, he purchased 100 more shares for $25 per share. On June 20 of the current year, Mr. Schmidt sells 100 shares for $15 per share. His allowable capital loss on June 20 is $643. True O False QUESTION 4 Maxine is the sole proprietor of a home based business. She paid $25,000 to her editorial assistant, $8,000 to her son as her computer technician, and $32,000 she withdrew from the business as salary. How much can she deduct as a business expense with respect to these three amounts? Nil. $65,000. $25,000. $33,000.