Question
Harper started her first job on January 1, 2020. She never worked before that and is therefore trying to run some numbers to eventually prepare
Harper started her first job on January 1, 2020. She never worked before that and is therefore trying to run some numbers to eventually prepare a tax estimate. For starters, she has asked you to help her calculate her net income for her 2020 tax year. Monthly gross salary is $5,000; Registered Retirement Savings Plan (RRSP) contribution of $1,000 made on June 1, 2020, from her birthday money; Tax-Free Savings Account (TFSA) contribution made on December 1, 2020, for $6,000
A Harper's net income is $53,000
BHarper's net income is $59,000
C Harper's net income is $67,000
D Harper's net income is $60,000
E Harper's net income is $54,000
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