The amounts of income and deductions of Martha Y. for the current year are as follows:

Employment Income	$67,300
Business Income (Loss)	(32,700)
Rental Income (Loss)	4,800
Taxable Capital Gains	17,200
Allowable Capital Losses	(13,100)
Subdivision e Deductions	(15,400)

Required: Calculate Martha's current year net income as per section 3 format and answer the following questions below:

What is Para 3(a) amount?___________

What is Para 3(b) amount? ____________

What is the net income? ____________

Answer rating: 100% (QA)

Answer To calculate Martha Ys current year net income as per section 3 f... View the full answer