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this is a taxx questions... please provide correct answers and show all workings and calculatuons and i will leave a review for your help. Thank
this is a taxx questions... please provide correct answers and show all workings and calculatuons and i will leave a review for your help. Thank you:)
Question 2 Ms. Burke has the following income (loss) and deductions: Employment income 71,597 Income (Loss) from business 12,134 Rental income (loss) (99,101) Taxable capital gains 20,468 Allowable capital losses (35,023) Subdivisione deductions 4,108 Required: Calculate Ms. Burke's Net Income For Tax Purposes (Division B income). (4 marks) Enter any deductions or losses as a negative below. ITA 3(a) 10.5 mark Subtotal 3(a) ITA 3(b) Subtotal 3(b) Subtotal 3(a) + 3(b) ITA 30 0.5 mark 0.5 mark Subtotal 3[c) Subtotal 3(a) + 3(b) - 3(c) ITA 3(d) 0.5 mark Subtotal 3(d) 0.5 mark Net Income for tax purposes Jo.S mark 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. (1 mark) Step by Step Solution
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