Carmen is the beneficiary of an RESP. She just received an educational assistance payment of $5,000. Prior to the payment, her RESP had investment income of $23,000 and a CESG balance of $1,600. What portion

Carmen is the beneficiary of an RESP. She just received an educational assistance payment of $5,000. Prior to the payment, her RESP had investment income of $23,000 and a CESG balance of $1,600. What portion of CESG is paid out in the EAP amount of $5000? Round all your calculations to the nearest dollar. A. 325 B. 1275 C. 1295 D. 305

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Carmen is the beneficiary of an RESP. She just received an educational assistance payment of $5,000. Prior to the payment, her RESP had investment income of $23,000 and a CESG b…

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