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Calculate the amount of retiring allowance that would be eligible to be paid into a personal RRSP without tax deduction based on the following assumptions:

Calculate the amount of retiring allowance that would be eligible to be paid into a personal RRSP without tax deduction based on the following assumptions: the employee started employment as of January 1, 1985; employment was terminated as of December 31, 2021; and total retiring allowance was $50,000. (5 Points)

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