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You are provided with the following amounts for Sarah Feeley for the current year - Net employment income (ITA 5 to 8)=$74.000 - Interest income

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You are provided with the following amounts for Sarah Feeley for the current year - Net employment income (ITA 5 to 8)=$74.000 - Interest income (ITA 12) =$7,800 - Taxable amount of dividends =$1,440 - Taxable capital gains (ITA 38 to 55) =$6,100 - Allowable capital losses (ITA 38 to 55)=$8,100 - RRSP deduction (allowed pursuant to ITA 60 ) =$12,500 Based on the above, the net income reported by Sarah Feeley pursuant to ITA 3 for the current year is Choose the correct answer. A. $84,940 B. $68,740 C. $70,740 D. $76,840

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