You are provided with the following amounts for Diane Welsey for the current year: Net employment...

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You are provided with the following amounts for Diane Welsey for the current year: Net employment income (ITA 5 to 8) = $70,000 Interest income (ITA 12) = $5,500 Taxable amount of dividends (ITA 12) = $2,640 Taxable capital gains (ITA 38 to 55) = $3,000 Allowable capital losses (ITA 38 to 55) = $4,000 Interest expense (bank loan for investment purposes) = $3,000 Investment counsel fees = $700 RRSP deduction (allowed pursuant to ITA 60) = $11,500 Based on the above, the "net property income" reported by Diane Welsey pursuant to ITA 3(a) for the current year is: Choose the correct answer. A. $8,140 OB. $68,460 C. $7,140 OD. $4,440 1 You are provided with the following amounts for Diane Welsey for the current year: Net employment income (ITA 5 to 8) = $70,000 Interest income (ITA 12) = $5,500 Taxable amount of dividends (ITA 12) = $2,640 Taxable capital gains (ITA 38 to 55) = $3,000 Allowable capital losses (ITA 38 to 55) = $4,000 Interest expense (bank loan for investment purposes) = $3,000 Investment counsel fees = $700 RRSP deduction (allowed pursuant to ITA 60) = $11,500 Based on the above, the "net property income" reported by Diane Welsey pursuant to ITA 3(a) for the current year is: Choose the correct answer. A. $8,140 OB. $68,460 C. $7,140 OD. $4,440 1