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You are provided with the following amounts for Solita DeJesus for the current year: Wages (ITA 5) = $7,000 Interest income (ITA 12) = $2,500
You are provided with the following amounts for Solita DeJesus for the current year: Wages (ITA 5) = $7,000 Interest income (ITA 12) = $2,500 Taxable amount of dividends (ITA 12) = $1,400 Taxable capital gains (ITA 38 to 55) = $5,800 Allowable capital losses (ITA 38 to 55) = $9,000 Spousal support payments (allowed pursuant to ITA 60) = $13,000 Net business loss (ITA 9 to 37) = $26,000 30-$26.0 Based on the above, the net income reported by Solita DeJesus pursuant to ITA 3 for the current year is Choose the correct answer. O A. (26,000) OB. Nil OC. (53,180) O D. (29,680) A You are provided with the following amounts for Solita DeJesus for the current year - Wages (ITA 5)=$7,000 - Interest income (ITA 12) =$2,500 - Taxable amount of dividends (ITA 12) =$1,400 - Taxable capital gains (ITA 38 to 55)=$5,800 - Allowable capital losses (ITA 38 to 55 ) =$9,000 - Spousal support payments (allowed pursuant to ITA 60) =$13,000 - Net business loss (ITA 9 to 37 ) =$26,000 Based on the above, the net income reported by Solita DeJesus pursuant to ITA 3 for the current year is Choose the correct answer. A. (26,000) B. Nil C. (53,180) D. (29,680)
You are provided with the following amounts for Solita DeJesus for the current year: Wages (ITA 5) = $7,000 Interest income (ITA 12) = $2,500 Taxable amount of dividends (ITA 12) = $1,400 Taxable capital gains (ITA 38 to 55) = $5,800 Allowable capital losses (ITA 38 to 55) = $9,000 Spousal support payments (allowed pursuant to ITA 60) = $13,000 Net business loss (ITA 9 to 37) = $26,000 30-$26.0 Based on the above, the net income reported by Solita DeJesus pursuant to ITA 3 for the current year is Choose the correct answer. O A. (26,000) OB. Nil OC. (53,180) O D. (29,680) A
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