In a non-registered account, Ngan used some of her lottery winnings to buy a $10,000.00 5-year, 5.0%

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In a non-registered account, Ngan used some of her lottery winnings to buy a $10,000.00 5-year, 5.0% compounded annually GIC.

What is the amount of interest income that she will have to report on the third anniversary of the GIC?

Related Book For answer-question

Income Tax Fundamentals 2015

ISBN: 9781305177772

33rd Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

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Posted Date: Mar 21, 2024 12:12 PM

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In a non-registered account, Ngan used some of her lottery winnings to buy a $10,000.00 5-year, 5.0%

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Income Tax Fundamentals 2015

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