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Question 10 of 58. Nathan is 14 years old. Nathan's dad opened a bank account for Nathan when he was 2 years old and has been depositing $100 each month ever since. In early 2023, Nathan received a bank statement from CIBC showing the account had a balance of $16,268.34 at the end of 2022 and a T5 for 2022 with $308.15 in box 13. What options do Nathan and his dad have for reporting this income? Nathan's dad must report income of $16,268.34 O Nathan's dad must report income of $308.15 Nathan must report income of $16,268.34 Nathan must report income of $308.15 No income must be reported since Nathan is under 18 Mark for follow up

Question 10 of 58. Nathan is 14 years old. Nathan's dad opened a bank account for Nathan when he was 2 years old and has been depositing $100 each month ever since. In earfy 2023, Nathan recelved a bank statement from ClBC showing the account had a batance of $16,268.34 at the end of 2022 and 2 Ts for 2022 with $308.15 in box 13 . What options do Nathan and his dad have for reporting this income? Nathan's dad must report income of $16.268.34 Nathan's dad must report income of $308.15 Nathan must report income of $16,268.34 Nathan must report income of $308.15 No income must be reported since Nathan is under 18 Mark for follow up

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