Daria is a part time employee who recently started up her own business as a sole proprietorship.
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Question:
Daria is a part time employee who recently started up her own business as a sole proprietorship. For the current year, she had the following sources of income and loss:
Net employment income (loss) $15,000
Net business income (loss) (18,000)
Taxable (grossed up) dividend income 1,200
Interest paid on loan to purchase investments 2,000
Capital gain (loss) 12,000
Capital gain (loss) (16,000)
What is her non-capital loss carry forward for the year?
a). $3,000.
b). $3,800.
c). $5,800.
d). $18,000.
Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
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