Question
In March 2022, you pay Bruno, your ex-employee, a retiring allowance of $55,000. He worked for you from 1990 to 2022. He did not contribute
In March 2022, you pay Bruno, your ex-employee, a retiring allowance of $55,000. He worked for you from 1990 to 2022. He did not contribute to a pension plan or DPSP. Calculate the eligible retiring allowance that is transferred directly to Brunos RRSP or to an RPP with no tax deductions required.
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A. $13,000
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E. None
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C. $12,000
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B. $10,000
- 15000
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Core Concepts Of Accounting Information Systems
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
11th Edition
9780470507025, 0470507020
