Janets income is $135,000 for both last year and this year. The money purchase limit...
80.2K
Verified Solution
Link Copied!
Question
Finance
Janets income is $135,000 for both last year and this year. The money purchase limit is $29,210 for last year and $30,780 for this year. For both years, her employer contributed $5,000 to the defined contribution pension plan on her behalf. Janet contributed an equal amount. Janet can contribute how much to her RRSP for this year? a. $19,210 b. $14,300 c. $20,780 d. $19,300
Janices salary is $62,000. The CPP contribution rate currently is 5.95% and the YMPE is $66,600. What is her annual CPP contribution?
a.
$3,754.45
b.
$3,480.75
c.
$3,962.70
d.
$3,689.00
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.