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? Taxable capital gains Less: Allowable capital losses Subtotal 3 ( b ) Subtotal 3 ( a ) + 3 ( b ) ITA 3
? Taxable capital gains
Less: Allowable capital
losses
Subtotal b
Subtotal a
ITA c
Subdivision e
deductions
Subtotal c
Subtotal
c
ITA d
Rental Loss
Subtotal d
Net Income for tax
purposes
Are there any loss carry overs? Yes, there is a noncapital loss carry over of hat ?Ms ?Burke has the following income loss ?and deductions:
Required: Calculate Ms ?Burke's Net Income For Tax Purposes Division B income ?marks
Please use the table below to answer this question. Enter your numerical response in the input fields.
Round your answer to the nearest whole number. For example, if your answer is ?enter ; if your answer is ?enter
DO NOT enter any commas. For example, enter ?as ?and NOT ?DO NOT enter any numbers as a negative number.
ITA a
Employment income
Income from business
Subtotal a
ITA b
Taxable capital gains
Less: Allowable capital
losses
Subtotal b
Subtotal
ITA c
Subdivision e
deductionsMs. Burke has the following income loss ?and deductions:
Required: Calculate Ms ?Burke's Net Income For Tax Purposes Division B income ?marks
Please use the table below to answer this question. Enter your numerical response in the input fields.
Round your answer to the nearest whole number. For example, if your answer is ?enter ; if your answer is ?enter
DO NOT enter any commas. For example, enter ?as ?and NOT ?DO NOT enter any numbers as a negative number.
ITA a
Employment income
Income from business
Subtotal a
ITA b
Taxable capital gains
Less: Allowable capital
losses
Subtotal b
Subtotal Subtotal a
ITA b
Taxable capital gains
Less: Allowable capital
losses
Subtotal b
Subtotal
ITAc
Subdivision e
deductions
Subtotal c
Subtotal a
c
ITA d
Rental Loss
Subtotal d
Net Income for tax
purposes
Are there any loss carry overs?
ITA c
Subdivision e
deductions
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