Question: URGENT! Please answer quickly I will leave a good review! Jack made monthly contributions of $200 to his son's RESP for a total of 12
URGENT! Please answer quickly I will leave a good review!
Jack made monthly contributions of $200 to his son's RESP for a total of 12 years. The contributions as well as the CESG was invested at the end of every month in a fund that earned a return of 7% compounded monthly. If Jack's son Emmanuel decides not to attend post-secondary education, and Jack makes a withdrawal of the Accumulated Income Payment, and his MTR is at 45%, how much will Jack pay in taxes for the withdrawal? 11,307 12,588 16332 8715 Jack made monthly contributions of $200 to his son's RESP for a total of 12 years. The contributions as well as the CESG was invested at the end of every month in a fund that earned a return of 7% compounded monthly. If Jack's son Emmanuel decides not to attend post-secondary education, and Jack makes a withdrawal of the Accumulated Income Payment, and his MTR is at 45%, how much will Jack pay in taxes for the withdrawal? 11,307 12,588 16332 8715
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