Question 16 (1 point) Difference between the regular interest (R) bond and compound interest (C) bond is
Question:
Question 16 (1 point) Difference between the regular interest (R) bond and compound interest (C) bond is Question 16 options: There is no difference between both Interest on a regular interest (R) bond is paid annually until the bond matures or when the taxpayer cash it in while, the Interest on a compound interest (C) bond is not paid until the taxpayer cash it in. None of the above Question 17 (1 point) If the taxpayer disposed of a treasury bill when it matured in 2022, the taxpayer must report the difference between the price they paid, and the proceeds of disposition shown on their T5008 slip or account statement as interest. Question 17 options: True False Question 18 (1 point) If the taxpayer disposed of a treasury bill before it matured in 2022, they do not have to report a capital gain (or loss). Question 18 options: True False Question 19 (1 point) Report the earnings that have accumulated on certain life insurance policies, the same way the taxpayer do for other investments, from the T5 slip that their insurance company sends you. Question 19 options: True False Question 20 (1 point) Foreign-source property income includes; Question 20 options: Dividends Interest Royalties All of the above
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill