TB 03-10 During the year Jungkook had employment inc...

During the year Jungkook had employment income of $30,000, property income of $1,000, a business loss of $2,000, income from an RRSP withdrawal of $2,000, and a capital gain of $30,000 on the sale of shares in a small business corporation. How much is Jungkook's net income for tax purposes in accordance with Section 3 of the Income Tax Act?

Multiple Choice

$1,000

$31,000

$46,000

$61,000 Incorrect

The amount 61,000 is incorrect please avoid