1. It is February 13, 2020 and Yannick just turned 18 years old (resident of Quebec). He has been working part-time since he was 16 years old and is looking at making his first Registered Retirement Savings Plan (RRSPs) contribution. Before going to the bank tomorrow, he wanted you to calculate the maximum that he could contribute and claim as a deduction on his 2019 personal income tax return. (see Table D)

Yannicks gross salary:

2018 (16 years old): $4,000

2019 (17 years old): $5,000

2020 (18 years old): $10,000

1. $720
2. $900
3. $1,800
4. $2,700
5. $3,420