You are provided with the following amounts for Sarah Feeley for the current year:
View the amounts.
Based on the amounts, what is the total amount reported pursuant to ITA paragraph 3(a) in the computation of Sarah Feeley's net income?
A. $75,150
B. $200,150
C. $86,150
D. $11,150
Amounts:
Net employment income: $7,200
Business A: Gross income: $28,000
Business B: Gross income: $111,000
Business A: Expenses (for income tax purposes): $39,000
Business B: Expenses (for income tax purposes): $36,000
Interest income: $1,250
Taxable amount of dividends: $2,700