John has the following sources of income and deductions: Employment income $35,000 Interest income 5,000 Taxable dividend income 7,000 Taxable capital gain 5,000 Allowable capital loss 12,000...

John has the following sources of income and deductions:<br>Employment income<br>$35,000<br>Interest income<br>5,000<br>Taxable dividend income<br>7,000<br>Taxable capital gain<br>5,000<br>Allowable capital loss<br>12,000<br>Subdivision e deductions<br>2,000<br>What is John's Net Income for Tax Purposes?<br>Select one:<br>a. $47,000<br>b. $49,000<br>c. $45,000<br>d. $40,000<br>

Extracted text: John has the following sources of income and deductions: Employment income $35,000 Interest income 5,000 Taxable dividend income 7,000 Taxable capital gain 5,000 Allowable capital loss 12,000 Subdivision e deductions 2,000 What is John's Net Income for Tax Purposes? Select one: a. $47,000 b. $49,000 c. $45,000 d. $40,000

Jun 11, 2022

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John has the following sources of income and deductions: Employment income $35,000 Interest income 5,000 Taxable dividend income 7,000 Taxable capital gain 5,000 Allowable capital loss 12,000...

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