Fred Hopkins Has Employment Income of $45,000, a Business Loss

Multiple Choice

Fred Hopkins has employment income of $45,000, a business loss of $14,000, capital gains of $20,000, capital losses of $12,000, and subdivision e deductions of $3,000. Fred's Net Income For Tax Purposes is equal to:

A) $36,000.
B) $50,000.
C) $39,000.
D) $32,000.