a. In a defined benefit plan, the employer takes on more risk than the employee (in terms of the final benefit amount).

	True
	False

b.

Net rental income is included in earned income for both RRSP and child care purposes.

	True
	False

c.

Unused RRSP deduction room can be carried forward to future years.

	True
	False

d.

Another name for a defined contribution pension plan is a money purchase pension plan.

	True
	False

e.

During the current taxation year, Ernie Fisher earned the following sources of income:

Net employment income: $42,600

Net business income: $11,750

Net farm income: $2,800

Taxable capital gains: $9,600

Ernie also has the following loss carry forward balances available at the beginning of the current taxation year:

Restricted farm losses: $4,900

Non-capital losses: $15,420

Net capital losses [(1/2)($21,000)]: $10,500

Which of the following correctly lists Ernie's net income for tax purposes and minimum taxable income for the current taxation year?

	$66,750; $38,930
	$61,950; $38,030
	$61,950; $38,930
	$66,750; $36,830