Question 27 (1 point) Saved On January 1, Peter Parker turned 16 years old and his grandfather gave him a gift of $10,000 as a birthday present. The gift was in the form of a GIC which earns 5% compounded semi-annually. Who pays tax on how much income for the year? Peter pays on $500. Peter pays on $506.25. Grandpa pays of $500. Grandpa pays on $506.25. Question 28 (1 point) Harnav bought shares for $10,000 and sold them three years later for $7,000. He has