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Determine the net income reported by Denise Ralph pursuant

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Question - You are provided with the following amounts for Denise Ralph for the current? year:

Net employment income? (ITA 5 to? 8) = $70,000

Interest income? (ITA 12)? = $8,000

Taxable amount of dividends? = $1,420

Taxable capital gains? (ITA 38 to? 55) = $5,700

Allowable capital losses? (ITA 38 to? 55) = $7,700

RRSP deduction? (allowed pursuant to ITA? 60) = $12,500

Based on the? above, determine the net income reported by Denise Ralph pursuant to ITA 3 for the current year?

Reference no: EM132855909

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