Alley entered into the work force in 2017. Alley turned 19 on December 10, 2018 and with the money that she received from her grandparents, she maximized her first Registered Retirement Savings Plan (RRSP) contribution the day after her birthday. Her RRSP contribution will result in a tax saving of $1,200 when she files her 2018 personal income tax return.

a)Alley is in the lowest combined marginal tax bracket (See Table A). What was the amount of Alley's RRSP contribution in 2018?

Hint: the RRSP formula is based on her 2017 earned income.

b) What was Alley's salary in 2017?

c)Alley is looking to make her first Tax-Free Savings Account (TFSA) contribution. We are February 14, 2019, what is the maximum contribution (including carry forward amounts) that she can make? (see Table C)

d)Alley's mom is also looking to make her first TFSA contribution. As of February 14, 2019, what is the maximum contribution (including carry forward amounts) that she can make? (see Table C)

TABLE [ Tax - FREE Savings ACCOUNT ITFSA). Annual Limits Years Annual Limit YEARS Annual Limit Year Started 20:05 - 2012 $5, 000 / year 2015 - 2010 $5, 500 / year 2013 - 2014 55, 50 0 / year 2015 SE, add / year 2015 $10, 000 / year