Question: Listen Molly Moderna earned $ 1 2 0 , 0 0 0 last year working as a CA at Deloitte, where she is a member

Listen
Molly Moderna earned $120,000 last year working as a CA at Deloitte, where she is a member of the company "defined contribution" plan. Also last year, Molly's total contribution into her plan account was $12,000. These contributions earned income of $600 during the year inside the plan. In addition, Molly also owns an RRSP account. Assuming she has no unused RRSP contribution room to carry forward from prior years, how much can Molly contribute to her RRSP this year, if the current money purchase limit is $26,500?
$9600
$9000
$8400
$21000
 Listen Molly Moderna earned $120,000 last year working as a CA

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!