You are provided with the following amounts for Luz Henrique for the current year:

* Wages (ITA 5) = 55,500

Interest income (ITA 12) = $3,000

Taxable amount of dividends (ITA 12) = $1,320

Taxable capital gains (ITA 38 to 55) = $5,500

Allowable capital losses (ITA 38% 55) = $7,500

Spousal support payments (allowed pursuant to ITA 60) = $11.500

Net business loss (ITA 9 to 37) = $20,000

Based on the above, the net income reported by Luz Henriquez pursuant to ITA 3 for the current year is:

Submit test

Choose the correct answer.

O A. (29,520)

O B. (20,000)

O C. Nil

O D. (52,060)