In 2017, Lorrie Meller use her lifetime capital gains deduction to eliminate a $10,000 taxable capital gain. During 2020, 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 2020?
A) $45,000
B) $58,000
C) $46,000
D) $48,000
Correct Answer:
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