. . . You are provided with the following amounts for Susan Kim for the...
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. . . You are provided with the following amounts for Susan Kim for the current year: .Net employment income (ITA 5 to 8) = $60,000 Interest income (ITA 12) - $6,000 Taxable amount of dividends (ITA 12) = $2,780 Taxable capital gains (ITA 38 to 55) = $3,000 Allowable capital losses (ITA 38 to 55) = $4,000 Interest expense (bank loan for investment purposes) = $3,000 Investment counsel fees = $800 RRSP deduction (allowed pursuant to ITA 60) = $9,000 Based on the above, the "net property income" reported by Susan Kim pursuant to ITA 3(a) for the current year is: Choose the correct answer. O A. $4,980 OB. $8,780 OC. $58,460 Click to select your
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