Jean and Dan both work. Each earns a salary of $47,000, but only Jean is a member
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Question:
Jean and Dan both work. Each earns a salary of $47,000, but only Jean is a member of a registered pension plan. Both she and her employer contribute 3 percent of her gross salary to a defined contribution pension plan. Dan has $15,000 of unused contribution room carried forward since 1991. Calculate the maximum RRSP contribution that each can make.(Omit the "$" sign in your response.)
Jean Maximum RRSP contribution $
Dan Maximum RRSP contribution $
Related Book For
Personal Finance
ISBN: 978-1259453144
6th Canadian edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
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