Question: Answer in type written please Q. No. 5. It. the current year, Phillip Hard earned the following income: - Employment income $80,000 Property income 2,000

Answer in type written please

Answer in type written please Q. No. 5. It. the current year,

Q. No. 5. It. the current year, Phillip Hard earned the following income: - Employment income $80,000 Property income 2,000 ' Gains: ' Shares of Corporation X $12,000 - Personaluse property 7,000 ' Listed personal property - Losses: ' Shares of Corporation Y (15,000) ' Shares of small business (4,000) corporation ' Listed personal property 300 (19,300) 83 300 Determine net income in accordance with the aggregating formula in Section 3 of the ITA. Assume Other deductions total $1 ,000. C). No. 6 Bryce Kaan had income for tax purposes for the Cl ent year as follows: Salary $l ,000 Taxable benefits l,000 Registered pension plan deduction I m Employment income for tax purposes I,000 Loss from a parttime business (0,000) Spousal support received 12,000 Interest income 1,000 Rental income 22,000 $96,000 Determine Bryce's earned income for RRSP purposes for the current year, 2021

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