9. Maxine is the sole proprietor of Gems, a new jewelry store. She works at the store full-time while her husband works there only on the weekends. Which of the following statements are true?

1. Any salary Maxine pays to herself is treated as a draw from the company. 2. Any salary Maxine pays to herself is a deductible business expense. 3. Any salary Maxine pays to her husband is treated as a draw from the company. 4. Any salary Maxine pays to her husband is a deductible business expense.

Question 9 options:

	1 and 2
	1 and 4
	2 and 3
	3 and 4

10. With regard to the beneficiary of a RESP, which of the following statements is true?

Question 10 options:

	The beneficiary must always be related to the subscriber of the RESP
	An individual can never be both a subscriber and beneficiary under the same plan
	In order to qualify for payments from a RESP, a beneficiary must be at least 18 years old
	There is no restriction to the number of RESPs under which a single individual may own