Question: 30. 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

30. 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

31. Janine plans to save $6,000 a year for the next 6 years to put into her RRSP. She will place the funds at the beginning of every year in a highly diversified mutual fund portfolio which offers a nominal rate of return of 6%. Inflation is expected to be 5% over the next six years. How much will she have in real dollars by the end of six years?

a.$36,868

b.$44,363

c.$37,219

d.$42,852

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