Test $-$ Level $1$ Theory Exam $-2023$

$120$:$42$

Section $10$

Question $10$ of $58.$

for Eth when he was $2$ years old and has been depositing $$100$ each month ever since. In early $2023,$ Ethan received a bank statement from ClBC showing the account had a balance of $$16,268\mathrm{.}34$ at the end of $2022$ and a T$5$ for $2022$ with $$308\mathrm{.}15$ in box $13$

What options do Ethan and his mother have for reporting this income?

Ethan's mother must report income of $$16,268\mathrm{.}34$

Ethan's mother must report income of $$308\mathrm{.}15$

Ethan must report income of $$16,268\mathrm{.}34$

Ethan must report income of $$308\mathrm{.}15$

No income must be reported since Ethan is under $18$

No income must be reported since

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