Maddy has net employment income of $45,000. During the year, he received spousal support payment of $10,000,

Fantastic news! We've Found the answer you've been seeking!

Question:

Maddy has net employment income of $45,000. During the year, he received spousal support payment of $10,000, Child support payment for his 10 year old son of $12,000 an a $50,000 term deposit that paid interest of $2000 in the year. Determine his Earned Income for RRSP purposes.