If George Is 65 and in a Combined Marginal Tax

question 59

Multiple Choice

If George is 65 and in a combined marginal tax bracket of 42 percent,then

• A)he can save $840 on his taxes if he applies his son's $2000 of tuition amount.
• B)he can save $840 on his taxes from his $2000 RRSP contribution.
• C)he can save $840 on his taxes from his $2000 medical expenses.
• D)All of the above are correct.

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Technopreneur

An entrepreneur who focuses on innovation in technology, leveraging technological advancements to develop new products or services.

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A professional who foresees significant technological changes and innovations, guiding their organization or sector towards future advancements.

Social Entrepreneur

Runs a social enterprise, a business with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or in the community, rather than being driven by the need to maximise profit for shareholders and owners.

Entrepreneurial Success

The achievement of desired business goals and objectives by individuals who organize and operate enterprises, taking on greater than normal financial risks.