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PERSOON K Ronald Wilson retired in December after providing 36 years of service to his employer. In recognition of his years of service, Ronald's employer provides him with a retiring allowance of $125,000. Ronald would like his employer to directly transfer the maximum eligible amount of his retiring allowance to his RRSP account. Ronald provides you with the following information related to his years of service: Number of years Ronald was employed by his employer prior to 1996: 14 Number of years Ronald was employed by his employer prior to 1989: 7 Ronald's employer has never sponsored an RPP or DPSP. What is the maximum contribution that can be made to Ronald's RRSP (without eroding his RRSP deduction room) for the retiring allowance? OA. $24,500 B. $38,500 OC. $125,000 OD. $31,500 ... Incorrec

Ronald Wilson retired in December affer providing 36 years of service to his employer in recognition of his years of service, Ronald's employer provides him with a retiring allowance of \\( \\$ 125,000 \\). Ronald would like his employer to directly transfer the maximum eligible amount of his retiring allowance to his RRSP account Ronald provides you with the following information related to his years of service. - Number of years Ronald was employed by his employer prior to 199614 - Number of years Ronald was employed by his employer prior to 1989.7 - Ronald's employer has never sponsored an RPP or DPSP What is the maximum contribution that can be made to Ronald's RRSP (without eroding his RRSP deduction room) for the retiring allowance? A. \\( \\$ 24,500 \\) B. \\( \\$ 38,500 \\) C. \\( \\$ 125,000 \\) D. \\( \\$ 31.500 \\)

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