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Dana Vanderbilt would like to calculate her RRSP annual limit and needs your assistance in computing her earned income. Her previous year's tax return reported

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Dana Vanderbilt would like to calculate her RRSP annual limit and needs your assistance in computing her earned income. Her previous year's tax return reported the $70,000 net employment income, after deducting her registered pension plan contributions of $3,600 following amounts: $3,700 net rental loss $11,000 interest income $5,600 spousal support received Which of the following in the correct amount of earned income for Dana for the previous taxation year? Choose the correct answer. O A S75,500 B. 571,900 C. $79,300 OD. $86,500 Five years ago. Josh Jones commenced making contributions to a spousal RRSP plan for his wife, Jacqueline Josh has made a $5,500 contribution to the spousal RRSP plan on June 1 for the past five years, including the current year. In the current year, Josh and Jacqueline needed cash for home renovations and Jacqueline redeemed $22,000 from her spousal RRSP plan. Which of the following statements is correct in regard to the taxation of the $22,000 in the current year? Choose the correct answer O A So is included in Josh's income and $22,000 in Jacqueline's Net Income OB. $22,000 is included in Josh's Net Income and 50 in Jacqueline's Net Income OC. $5,500 is included in Josh's Net Income and $16,500 in Jacqueline's Net income OD. $16,500 is included in Josh's Net income and $5,500 in Jacqueline's Not Income. Jacob Dowling would like to know his maximum RRSP deduction in the current year. The Federal government's annual RRSP limit for the current year of 2020 is set at $27 230. Jacob provides you with the following information Unused RRSP Deduction Room at December 31 of the prior year $7,800 Prior year earned income: $82,000 Current year earned Income: $97,000 - RRSP contribution made to his own self-administered RRSP plan during the current year: $11,700 RRSP contribution made to a spousal plan (TD Bank) on February 1 of the following yoar: $4,800 RRSP contribution made to his own plan (TD Bank) on March 15 of the following year: $5,900 What is Jacob Dowling's maximum RRSP deduction for the current year? Choose the correct answer O A $15,500 B. $25,260 OC. $27.230 OD. $22,560

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