You are provided with the following amounts for Janet Mattera for the current year: Net...

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You are provided with the following amounts for Janet Mattera for the current year: • Net employment income (ITA 5 to 8) = $58,000 • Interest income (ITA 12) = $7,600 Taxable amount of dividends = $1,340 • Taxable capital gains (ITA 38 to 55) = $5,600 • Allowable capital losses (ITA 38 to 55) = $7,600 • RRSP deduction (allowed pursuant to ITA 60) = $15,000 Based on the above, the net income reported by Janet Mattera pursuant to ITA 3 for the current year is You are provided with the following amounts for Janet Mattera for the current year: • Net employment income (ITA 5 to 8) = $58,000 • Interest income (ITA 12) = $7,600 Taxable amount of dividends = $1,340 • Taxable capital gains (ITA 38 to 55) = $5,600 • Allowable capital losses (ITA 38 to 55) = $7,600 • RRSP deduction (allowed pursuant to ITA 60) = $15,000 Based on the above, the net income reported by Janet Mattera pursuant to ITA 3 for the current year is

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Based on the above the net income reported by Janet Mattera pursuant to ITA 3 ... View the full answer