explain in detail

3) An individual had the following items of income during 2023: employment income $83,000, rental loss of $12,000, and interest income of $5,000. During 2022 the individual had employment of income $80,000, rental loss of $15,000, and interest income of $4,500. For both years the employer and employee each made a contribution to the employee's money-purchase registered pension plan (RPP) of 3% of employment income. There is no unused RRSP contribution. What would be the employee's RRSP contribution limit for 2023 ? A 9,060 B 14,040 C 7,800 D 6,900 E None of these