You are provided with the following amounts for Susan Kim for the current year: • Net employment income (ITA 5 to 8) = $35,000 • Interest income (ITA 12) = $5,700 • Taxable amount of dividends (ITA 12) = $2,620 • Taxable capital gains (ITA 38 to 55) = $2,500 • Allowable capital losses (ITA 38 to 55) = $3,500 • Interest expense (bank loan for investment purposes) = $2,500 • Investment counsel fees = $900 • RRSP deduction (allowed pursuant to ITA 60) = $9,500 Based on the above, the "net property income" reported by Susan Kim pursuant to ITA 3(a) for the current year is: Choose the correct answer. O A. $7,320 B. $8,320 C. $33,460 D. $4,920

Required information Problem 13-58 (LO 13-2) (Algo) [The following information applies to the questions displayed below.) Matthew (48 at year-end) develops cutting-edge technology for SV Incorporated, located in Silicon Valley. In 2023, Matthew participates in SV's money purchase pension plan (a defined contribution plan) and in his company's 401(k) plan... Under the money purchase pension plan, SV contributes 15 percent of an employee's salary to a retirement account for the employee up to the amount limited by the tax law. Because it provides the money purchase pension plan, SV does not contribute to the employee's 401(k) plan. Matthew would like to maximize his contribution to his 401(k) account after SV's contribution to the money purchase plan. Problem 13-58 Part a (Algo) Assuming Matthew's annual salary is $384,000, Required: a-1. What amount will SV contribute to Matthew's money purchase plan? a-2. What can Matthew contribute to his 401(k) account in 2023? Complete this question…

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