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Elton earned $ 1 2 0 , 0 0 0 working as a recording engineer last year. The total amount of his contribution into his

Elton earned $120,000 working as a recording engineer last year. The total amount of his contribution into his defined contribution pension plan was $12,000. These contributions earned income of $600 during the year. Elton also owns a personal Registered Retirement Savings Plan (RRSP). Assuming he has no unused RRSP contribution room carry-forward amounts from previous years, how much money can Elton contribute to his RRSP account this year if the money purchase limit is $24,000?
$9,000
$9,600
$8,400
$21,000H
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