Reference no: EM132774564

You are provided with the following amounts for Susan Kim for the current? year:

Wages? (ITA 5)? = $5,000

Interest income? (ITA 12)? = $3,000

Taxable amount of dividends? (ITA 12)? = $1,300

Taxable capital gains? (ITA 38 to? 55) =  $6,000

Allowable capital losses? (ITA 38 to? 55) = $7,000

Spousal support payments? (allowed pursuant to ITA? 60) = $11,000

Net business loss? (ITA 9 to? 37) = $30,000

Problem 1: Based on the? above, the net income reported by Susan Kim pursuant to ITA 3 for the current year? is:

Choose the correct answer.

A. (29,600)

B. (50,080)

C. (30,000)

D. Nil