Question: Mary has made a RRSP contribution this year to reduce her taxes, her current available room is $36,000. Required: Prepare a sensitivity analysis in $1,000

Mary has made a RRSP contribution this year to reduce her taxes, her current available room is $36,000.

Required:

Prepare a sensitivity analysis in $1,000 increments beginning with $5,000 up to $10,000 in total contributions for Marys RRSP contribution to determine how much more/less would she have to contribute to owe zero taxes after instalment payments are applied? Prepare a table and graph detailing your analysis . Ensure that you show and label your work. (hint: use Excel)

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