An individual had employment income in 20X7 of $50,000. He had had loss carry forward...
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Accounting
An individual had employment income in 20X7 of $50,000. He had had loss carry forward amounts of net capital losses ($20,000), non-capital losses ($22,000), and farm losses ($24,000). What maximum amount of losses carry forward would he claim in 20X7?
A) $50,000
B)$46,000
C) $66,000
D)$20,000
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