Which of the Following Investments Reduces Your Taxable Income

question 41

Multiple Choice

Which of the following investments reduces your taxable income?

• A)Stocks
• B)RRSP contributions
• C)Mutual funds
• D)Bonds

---

Definitions:

Controllable Costs

Expenses that can be directly influenced or managed by a specific department or level of management.

Investment Center

A business segment whose manager has control and is accountable for generating revenue, incurring costs, and making significant investment decisions.

Indirect Fixed Costs

Costs associated with the operation of a business that are not directly tied to a specific product or service and do not vary with the level of production.

Direct Fixed Costs

Costs that are directly associated with a specific product, department, or segment of a business and do not vary with the level of production or sales.