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In 2012, Fiona had earned income of $120,000 and had no pension adjustments. The RRSP contribution limit was $22,450 in 2011, $22,970 in 2012 and

In 2012, Fiona had earned income of $120,000 and had no pension adjustments. The RRSP contribution limit was $22,450 in 2011, $22,970 in 2012 and $23,820 in 2013. Assuming Fiona will not have a carry forward amount, how much will she be able to contribute to her RRSP in 2013 without incurring a penalty?

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