Question: answer? Problem 14-5 Calculating Maximum Contributions [LO5] Jean and Dan both work. Each earns a salary of $49,500, but only Jean is a member of

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answer? Problem 14-5 Calculating Maximum Contributions [LO5] Jean and Dan both work.

Problem 14-5 Calculating Maximum Contributions [LO5] Jean and Dan both work. Each earns a salary of $49,500, but only Jean is a member of a registered pension plan. Both she and her employer contribute 4 percent of her gross salary to a defined contribution pension plan. Jean has no unused RRSP room carried forward as she has maxed out her RRSP each year. Dan has $15,000 of unused RRSP contribution room carried forward showing on his Notice of Assessment. Calculate the maximum RRSP contribution that each can make this year. (Omit the "\$" sign in your response.)

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