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can anyone help me with these questions pls? A AC Heading 1 Heading 2 Normal Sut 1) Five (5) years ago, Rita Invested $28,000 in
can anyone help me with these questions pls?
A AC Heading 1 Heading 2 Normal Sut 1) Five (5) years ago, Rita Invested $28,000 in a Tax-Free Savings Account (TFSA) and it has a value of $65,000 today. She now needs the money, what amount will she need to pay tax on when she withdraws $65,000? a) Only on the initial $28,000 b) Only on the $37,000 growth c) On the entire $65,000 d) Tax was paid on a yearly basis over the 5 years e) There is no tax to be paid 2) Ravi has a diversified portfolio. His bonds will pay his common stocks will pay his preferred stocks will pay his real estate holdings will earn and his term deposits will pay a) dividends, interest, dividends, capital gains, interest I b) Interest, dividends, dividends, capital gains, Interest c) dividends, Interest, capital gains, capital gains, dividends d) dividends, dividends, dividends, Interest, capital gains e) Interest, dividends, dividends, Interest, capital gains 3) in December 2020, William purchased 1,000 shares at $30/share in Fantastic Inc. In 2021, he received $3,750 in dividends on these shares. Despite the great returns, William decided to sell these shares when they hit $32/share in December 2021 as he needed the money to buy a car. What was William's investment return during the one year that he held the shares? a) 20.13% b) 23.55% c) 19.17% d) 11.12% e) 13.28% 4) If you die without a Will the court will always appoint your mother as the administrator to distribute your estate according to the laws of your province. a) True b) False Step by Step Solution
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