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During the taxation year, Sherry earned $10,000 in wages and received $1,500 in tips from her part-time job as a waitress. From the RESP that
During the taxation year, Sherry earned $10,000 in wages and received $1,500 in tips from her part-time job as a waitress. From the RESP that her grandfather had established for her, she received $6,000 in investment income and $1,000 in capital. She withdrew $5,000 from her RRSP. She also received $3,000 in EI payments. What is Sherry's taxable income?
a) $15,000
b) $21,000
c) $22,500
d) $25,500
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