A Prince Edward Island Resident Earned $20,000 in Interest Income

question 166

Multiple Choice

A Prince Edward Island resident earned $20,000 in interest income and $10,000 in capital gains. Calculate the total tax paid.

• A) $9,843
• B) $10,843
• C) $11,843
• D) $12,843
• E) $13,843

---

Definitions:

Classroom

A classroom is a learning space, room, or environment where teaching and learning activities occur, typically in an educational institution.

Budding Scientists

A term often used to describe young or emerging scientists who are in the early stages of their career or education in science.

Instinctive Impulses

Inborn biological urges that direct behavior towards fulfilling essential needs such as hunger or defense.

Information-Processing

The manner in which individuals perceive, analyze, manipulate, and store information.