Question
Juan Genovese withdrew $15,000 from his Spousal Registered Retirement Income Fund (S-RRIF) when the minimum withdrawal was $9,000. The withdrawal amount had not yet been
Juan Genovese withdrew $15,000 from his Spousal Registered Retirement Income Fund (S-RRIF) when the minimum withdrawal was $9,000. The withdrawal amount had not yet been in the S-RRIF for 2 full years the last contribution was the year before his withdrawal. Which of the following statements is true?
| Juan's wife, Sofi, will pay tax on $15,000 | ||
| Juan will pay tax on $6,000 | ||
| Juan will receive $12,500 | ||
| Juan will receive $14,300 |
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Cybersecurity In Finance
Authors: Sylvain Bouyon, Simon Krause
1st Edition
1786612178, 9781786612175
