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Please help me to solve these questions. As per policy, experts can answer 4 questions so please answer all otherwise leave this post. When deciding

Please help me to solve these questions. As per policy, experts can answer 4 questions so please answer all otherwise leave this post.

When deciding whether to allocate funds to a TFSA account versus an RRSP account, which of the following is least critical?

Avoiding taxation on the investment funds

The financial goals of the individual

The intended purpose for the investment funds

The marginal tax bracket of the individual

Fred's income this past year included salary of $70 000, $3000 interest income, a $4000 capital gain from selling some stock and a $5000 inheritance. For tax purposes, what is his total taxable income this year?

$77 000

$75 000

$82 000

$80 000

Which would reduce taxes the most for a person who earns $100,000 gross income?

$4800 medical expenses

$4800 RRSP contribution

$4800 interest on a student loan

These would have the same effect.

f you bought shares of Amazon for $5,000 and sold them for $25,000 five years later, what additional taxable income would have once sold?

$10,000 taxable capital gain.

$20,000 taxable capital gain.

$25,000 taxable capital gain.

$10,000 business income.

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