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Please it is urgent; QUESTION 18 10 points Save Answer Angel Ramos received...

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Accounting

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QUESTION 18 10 points Save Answer Angel Ramos received the following income in 2020: Employment income $ 75,000 Non-eligible dividends $ 5,000 Sale of capital assets: Proceeds ACB Shares in IMZ Co. (public corporation) $ 20,000 $ 12,000 Shares in BAR Co. (public corporation) $ 3,000 $ 10,000 Shares in TRI Inc. to arm's-length party (small business corporation) $ 2,000 $ 7,500 Stamp set $ 1,500 $ 2,500 Personal electronic system $ 3,000 $1,000 Coin set $ 4,000 $ 800 Required: Determine Angel's net income for tax purposes for 2020 in accordance with the aggregating formula of Section 3 of the Income Tax Act. (CPP for enhanced contribution = $166.)

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