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You are provided with the following amounts for Celina Diaz for the current year: Net employment income (ITA 5 to 8) = $30,000 Interest income
You are provided with the following amounts for Celina Diaz for the current year: Net employment income (ITA 5 to 8) = $30,000 Interest income (ITA 12) = $5,900 Taxable amount of dividends (ITA 12) = $2,740 Taxable capital gains (ITA 38 to 55) = $2,500 Allowable capital losses (ITA 38 to 55) = $3,500 Interest expense (bank loan for investment purposes) = $2,500 Investment counsel fees = $800 RRSP deduction (allowed pursuant to ITA 60) = $10,500 Based on the above, the "net property income" reported by Celina Diaz pursuant to ITA 3(a) for the current year is: Question content area bottom Part 1 Choose the correct answer. A.$ 8 comma 640 $8,640 B.$ 28 comma 460 $28,460 C.$ 7 comma 640 $7,640 D.$ 5 comma 340 $5,340
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