At the beginning of 2019, Rene has the following loss carryovers: Net capital loss carryover $22,000 Non capital loss carryover $11,000 Restricted farm loss carryover $3,000 For 2019, Rene had the following sources of income, losses and deductions Business loss $(12,000) Net farm income $2,000 Capital gains $6,000 Capital losses $(2,000) Net employment income $65,000 Spousal support Rene paid to her former spouse $8,000 Child support Rene paid to her former spouse for support of their daughter $6,000 Rene is considered a part-time farmer for income tax purposes

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At the beginning of 2019, Rene has the following loss carryovers:

1. Net capital loss carryover $22,000
2. Non capital loss carryover $11,000
3. Restricted farm loss carryover $3,000

For 2019, Rene had the following sources of income, losses and deductions

1. Business loss $(12,000)
2. Net farm income $2,000
3. Capital gains $6,000
4. Capital losses $(2,000)
5. Net employment income $65,000
6. Spousal support Rene paid to her former spouse $8,000
7. Child support Rene paid to her former spouse for support of their daughter $6,000

Rene is considered a part-time farmer for income tax purposes. In order to utilize all her non-refundable tax credits, she needs $30,000 of taxable income per year. Whenever possible, Rene would like to use as much of her loss carryovers each year to bring her taxable income down to or as close to $30,000.

Required:

1. Calculate her 2019 net income for tax purposes.

 2. Calculate her 2019 taxable income.