Which of the Following Is True for Post Secondary Students

question 67

Multiple Choice

Which of the following is true for post secondary students?

• A)Income from the RESP their parents set up for them is tax free if used for education
• B)Scholarship income awarded to a student and used for their education is tax free
• C)Bursary income is tax free if the education amount is applied for
• D)All these income sources are tax free to students

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Definitions:

Sympathetic Neuron

A neuron that is part of the sympathetic nervous system, which is responsible for the body's 'fight or flight' response by regulating heart rate, blood pressure, and digestive functions.

Norepinephrine

A neurotransmitter and hormone involved in stress responses, increasing heart rate, blood pressure, and sugar levels in the blood.

Adenylyl Cyclase

An enzyme that converts ATP to cyclic AMP (cAMP) in signal transduction pathways, playing a crucial role in cellular responses to hormones and other signals.

Superior Vena Cava

In humans, a very large vein that delivers blood from the upper part of the body to the right atrium. Compare with inferior vena cava.