Question $4(2$ points$)$

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Amanda sold her cottage for $$130,000$ in May $2024.$ The cottage cost her $$50,000$ in $2017$ and qualifies as a principal residence. The only other principal residence that Amanda has owned during her lifetime was her Toronto home, which she owned from $2015$ to $2023.$ Even though she sold it for $$200,000$ more than it cost$,$ the net taxable capital gain reported on her $2023$ tax return was $$0($nil$)$ because it was her principal residence. What is the minimum Taxable capital gain that Amanda must report on her $2024$ tax return in respect of the sale of the cottage$?$ Assume that Amanda has no other capital gains for the year.

$$25,000$

$$30,000$

None of the answers are right.

$$50,000$

$$80,000$