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17 3 Points In March 2022, you pay Janice Rider, your ex-employee, a retiring allowance of $58,000, of which $35,000 is eligible for transfer to
17 3 Points In March 2022, you pay Janice Rider, your ex-employee, a retiring allowance of $58,000, of which $35,000 is eligible for transfer to her RRSP under paragraph 60(j.1) of the Income Tax Act. Janice wants you to transfer the total amount of the eligible retiring allowance ($35,000) to her RRSP. Janice Rider also requests that you transfer an additional $5,000 to her RRSP and gives you a written statement indicating that her RRSP deduction limit is $5,000. Determine the amount of Janice's retired allowance that requires tax? B A. $53,000 B. $58,000 C. $23,000 E. $18,000 ED. $35,000 Last saved 2:35:29 PM
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