Taxpayer's gross income is what they have earned Question 11 options: After deducting expenses Before any expenses are deducted None of the above Question 12 (1 point) ´Taxpayer's net income is what is left over after deducting expenses. Question 12 options: True False Question 13 (1 point) Expenses that do not contribute to earning the related self-employed income : Question 13 options: Are eligible for deductions Cannot be deducted None of the above Question 14 (1 point) If the taxpayer have more than one business activity, they have to complete a separate T2125 for each activity. Question 14 options: True False Question 15 (1 point) Other Business income includes Question 15 options: A recovered amount the taxpayer wrote off as a bad debt in a previous year The value of prizes or vacation trips awarded to the taxpayer because of their business or professional activities Grants, subsidies, incentives, or assistance the taxpayer get from a government, government agency or non-government agency All of the above

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Question 11 Taxpayers gross income is what they have earned Correct Answer Before any expenses are d... View the full answer