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The following four Cases make different assumptions with respect to the amounts of income and deductions of Kyrie Maxwell for the current year. View
The following four Cases make different assumptions with respect to the amounts of income and deductions of Kyrie Maxwell for the current year. View the cases. Required For each Case, calculate Mr. Maxwell's Net Income (Division B income). Indicate the amount and type of any loss carry overs that would be available at the end of the current year, or state that no carry overs are available. Case A. What is Mr. Maxwell's Net Income (Division B income)? $ 84,400 Case A. What is the amount and type of any loss carry overs that would be available at the end of the current year in this case, if any? (For entries with a $0 balance, make sure to enter "0" in the appropriate input field.) What is the amount of net capital loss carry overs? What is the amount of non-capital loss carry overs? 0 0 Case B. What is Mr. Maxwell's Net Income (Division B income)? Cases 20900 Case A Case B Case C Case D Employment Income $ Income (Loss) From Business Rental Income (Loss) 73,700 $ (14,800) 8,200 Taxable Capital Gains 42,500 Allowable Capital Losses (18,800) Subdivision e Deductions (6,400) 41,700 S (4,800) 5,600 7,600 (11,300) (21,200) (2,700) (22,600) 89,300 $ 34,700 (112,300) (47,700) 4,900 (19,900) 23,600 24,400 (25,900) (6,100)
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