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Taxable Income Questions Question 2 During 2022, Laura Ruldolph has capital gains on publicly traded securities of $18,000 and a loss of $40,000 on the
Taxable Income Questions Question 2 During 2022, Laura Ruldolph has capital gains on publicly traded securities of $18,000 and a loss of $40,000 on the disposition of shares of a small business corporation. Her employment income for 2022 is shown below. Ms. Ruldolph works for a Canadian public company. She was granted 2,000 options at an option price of $69/ share in 2021 when the fair market value was $61 /share. She exercised these options in 2022 when the fair market value was $81. She is still holding these shares at the end of the year. Determine Laura's net income for tax purposes, taxable income, and the amount of the allowable business investment loss that can be deducted in 2022
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