1. Which of the following statements is true about retirement savings? a. No tax is paid before withdrawal on money earned in most registered savings plans. b. Funds in most registered savings plans grow after-tax. C. No tax is ever paid on money paid into any registered savings plans. d. Non-registered savings are bought with before-tax dollars. 2. John and Elizabeth estimate they can save $10,000 per year in their RRSPs for each of the next 5 years toward their retirement. They anticipate earning 8% on their balanced mutual fund. This 8% includes inflation of 2.5%. Their real rate of return is expected to be: a. 8.00% b. 5.50% c. 5.37% d. 10.70% 3. Julie earned $135,000 working as a CPA last year. The total of contributions to her DCPP last year were $16,200. Her DCPP contributions earned income of $600 during the year. Julie also maintains an RRSP account for herself. How much can she contribute to her RRSP this year if the money purchase limit this year is $24,270? a. $7,470 b. $24,270 c. $24,300 d. $8,070