Fadel Ghanem has the following sources of income and deductions: Employment income 34,000 ...
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Accounting
Fadel Ghanem has the following sources of income and deductions:
Employment income 34,000
Property income 6,000
Business loss 54,000
Taxable capital gain 4,000
Allowable capital loss 2,000
What is Fadel's net income?
a. $12,000 Loss
b. $40,000 Income
c. Nil
d. $44,000 Income
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