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You are provided with the following amounts for Suzie Wong for the current year: - Net employment income (ITA 5 to 8)=$66,000 - Interest income
You are provided with the following amounts for Suzie Wong for the current year: - Net employment income (ITA 5 to 8)=$66,000 - Interest income (ITA 12) =$7,800 - Taxable amount of dividends =$1,300 - Taxable capital gains (ITA 38 to 55)=$5,100 - Allowable capital losses (ITA 38 to 55 ) =$7,100 - RRSP deduction (allowed pursuant to ITA 60 ) =$16,000 Based on the above, the net income reported by Suzie Wong pursuant to ITA 3 for the current year is Choose the correct answer. A. $71,300 B. $59,100 C. $57,100 D. $64,200
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