It is January 1, 2021. Nicole Laverty is so excited after her first year working at her first job. She earned $40,000 in 2020 and because of the pandemic and living at home, she saved quite a lot of money. Now she can use what she learned in ADMS 2541 about what to do with the money. Her employer and she each contributed $3,000 to a defined contribution pension plan, which creates a pension adjustment of $6,000. Her marginal tax rate is 29% and her average tax rate is 17%. The inflation rate is 2%. a. What is the maximum she can contribute to her RRSP? b. Assume she was able to contribute $2,000 to her RRSP and takes the tax refund she receives a month later and deposits it into her TFSA. How much would she contribute to her TFSA? c. At the start of 2021, she takes $6,000 from her savings account and invests it in an ETF with an expected rate of return of 7%. She opens an RRSP and contributes $2,000 and invests it in the same ETF. On July 1, she opens a TFSA and deposits $5,000 in a GIC earning 2.0%, compounded monthly. How much would she expect to have in total in her all of her accounts (do not include her pension) at the end of the year? $13,160 O$13,560 O$13,610 $13,660 $13,910 It is January 1, 2021. Nicole Laverty is so excited after her first year working at her first job. She earned $40,000 in 2020 and because of the pandemic and living at home, she saved quite a lot of money. Now she can use what she learned in ADMS 2541 about what to do with the money. Her employer and she each contributed $3,000 to a defined contribution pension plan, which creates a pension adjustment of $6,000. Her marginal tax rate is 29% and her average tax rate is 17%. The inflation rate is 2%. a. What is the maximum she can contribute to her RRSP? b. Assume she was able to contribute $2,000 to her RRSP and takes the tax refund she receives a month later and deposits it into her TFSA. How much would she contribute to her TFSA? c. At the start of 2021, she takes $6,000 from her savings account and invests it in an ETF with an expected rate of return of 7%. She opens an RRSP and contributes $2,000 and invests it in the same ETF. On July 1, she opens a TFSA and deposits $5,000 in a GIC earning 2.0%, compounded monthly. How much would she expect to have in total in her all of her accounts (do not include her pension) at the end of the year? $13,160 O$13,560 O$13,610 $13,660 $13,910