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What is the amount of Lorrie Taxable Income

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Question - In 2016, Lorrie Meller use her lifetime capital gains deduction to eliminate a $10,000 taxable capital gain. During 2019, she had employment income of $50,000, a capital gain of $26,000, and a business investment loss of $30,000. What is the amount of Lorrie's Taxable Income for 2019?

A. $45,000

B. $58,000

C. $46,000

D. $48,000

Reference no: EM132858258

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