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Which of the nieces and nephews will have to treat

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Problem 1: Casey has 4 nieces and nephews; Dianne, Donna, Paul and Stephen, ages 14, 16, 19 and 20 respectively. Casey had an excellent year financially so he decided to gift a $10,000 Canada Savings Bond (CSB) to each of them. The interest earned in the first year was $245 per CSB. Which of the nieces and nephews will have to treat the $245 as income for the taxation year?

a. Paul and Stephen
b. Dianne and Donna
c. Donna and Stephen
d. Dianne and Paul

Reference no: EM132964383

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