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Denise can contribute up to 6% of her base salary to a company-sponsored registered retirement savings plan (Group RRSP), where her employer will match her
Denise can contribute up to 6% of her base salary to a company-sponsored registered retirement savings plan (Group RRSP), where her employer will match her contributions at a rate of 50%. Her base earnings for the year are $48,000 and her yearly bonus is $2,400. If Denise contributes the maximum allowed to her Group RRSP plan, what amount will represent total RRSP contributions on her T4 slip the following year?
Question 3 options:
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$2,880
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$3,024
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$4,320
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$4,536
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