Question: please explain how you you get to the final number During the taxation year, Sherry earned $10,000 in wages and recelved $1,500 in tips from

please explain how you you get to the final number please explain how you you get to the final number During the

During the taxation year, Sherry earned $10,000 in wages and recelved $1,500 in tips from her part-time job as a waitress. From the RESP that her grandfather had established for her, she recelved $6,000 in investment income and $1,000 in capital. She withdrew $5,000 from her RRSP. She also recelved $3,000 in EI payments. What is Sherry's taxable income? a) $15,000 b) $21,000 c) $22,500 d) $25,500

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