Question
You are provided with the following amounts for SarahFeeley for the currentyear: Net employment income(ITA 5 to8) = $66,000 Interest income(ITA 12)= $7,400 Taxable amount
You are provided with the following amounts for SarahFeeley for the currentyear:
Net employment income(ITA 5 to8) = $66,000
Interest income(ITA 12)= $7,400
Taxable amount of dividends= $1,320
Taxable capital gains(ITA 38 to55) = $5,700
Allowable capital losses(ITA 38 to55) = $7,700
RRSP deduction(allowed pursuant to ITA60) = $15,000
Based on theabove, the net income reported by SarahFeeley pursuant to ITA 3 for the current year is_______
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Essentials of Economics
Authors: Bradley Schiller, Karen Gebhardt
10th edition
125923570X, 978-1259235702
