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QUESTIONS Your neighbour, Mrs. White has heard that you were studying personal tax. She has come to you with her financial information for 2020. Mrs.

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QUESTIONS Your neighbour, Mrs. White has heard that you were studying personal tax. She has come to you with her financial information for 2020. Mrs. White is a resident of Canada for tax purposet Employment income $40,000 Business pro 8,000 - Business Yloss 22.000 RRSP Withdrawal 2.000 - Interest income 3000 Taxable Capital gain on sale of land 10.000 2.000 Alimony payments (spousal support) + Capital loss on sale of securities 24.000 . Allowable business investment loss 5.000 Required: Determine Mrs. White's net income for tax purposes in accordance with Section 3 of the income Tax Art (Show your calculations for Paragraphs and dort

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