1) Marissa has been working for the last two years after graduating from Concordia. Her gross annual salary in 2019 was $125,000. She provided her accountant with the following note: Please find my tax receipts as follows 1) contribution of $20,000 to my Registered Retirement Savings Plan (RRSP) made on May 1, 2019 from my company bonus received in the amount of $25,000 (note: my 2019 RRSP contribution room/limit is $40,000). 2) contribution to my Tax-Free Savings Account (TFSA) on December 1, 2019 for $6,000 and another contribution of $6,000 on January 1, 2020. Please deduct all of my contributions in my 2019 tax return. What is Marissas taxable income for 2019?

2)Lori retired on January 1, 2020, after 25 years of working for the government. She is part of a Defined Benefit Pension Plan (DBPP) which uses the best three consecutive years to determine her pension benefit amount at retirement. Lori's annual pension formula is 2% times her years of service. Lori wants you to re-calculate her pension benefit to see if it is the same amount that her employer calculated. She has provided you with her last 5 years of salary: 2015 - $105,000 2016 - $109,000 2017 - $110,000 2018 - $112,000 2019 - $107,000