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please help me with 9th question A) Eligible dividends paid in cash. C) Eligible or non-eligible dividends paid as Stock dividends. D) Capital dividends. 8)
please help me with 9th question
A) Eligible dividends paid in cash. C) Eligible or non-eligible dividends paid as Stock dividends. D) Capital dividends. 8) Which of the following statements about personal use property is NOT correct? A) Losses on the disposition of personal use property can be derlucted to the extent of gains on the disposition of personal use property. B) An antique desk purchased by an individual for their home would be considered personal use property. C) The minimum value for both the POD and the ACB of personal use property that is being sold is $1,000. D) When losses on listed personal property are carried forward, they can be deducted to the extent of net gains on the disposition of listed personal property. 9) Mike sold the following personal use property during the current year: What is his taxable capital gain, net of allowable capital losses, for the current year? 10) Which of the following receipts would NOT result in an increase in the taxable income of an individual? A) Amounts that are withdrawn from an individual's RRSP. B) A research grant received by a student in a university program. C) Workers' compensation payments. D) Spousal support payments. Answer: C Explanation: C) Workers' compensation payments. The amount is included in net income but deducted in determining taxable incomeStep by Step Solution
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