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Jean and Dan both work. Each earns a salary of $45,000, but only Jean is a member of a registered pension plan. Both she and

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Jean and Dan both work. Each earns a salary of $45,000, but only Jean is a member of a registered pension plan. Both she and her employer contribute 3 percent of her gross salary to a defined contribution pension plan. Jean has no unused RRSP room carried forward as she has maxed out her RRSP each year, Dan has $15,000 of unused RRSP contribution room carried forward showing on his Notice of Assessment. Calculate the maximum RRSP contribution that each can make this year (Omit the "S" sign in your response.) Jean Dan Maximus RRSP contribution ces Assume your gross pay per pay period is $2,400 and you are in the 26 percent tax bracket (ignore provincial taxes). Calculate your net pay and spendable income in the following situations: a. You save $200 per pay period in a TFSA after paying income tax on $2,400. (Omit the "S" sign in your response.) Spendable Income b. You save $200 per pay period in an RPP. (Omit the "S" sign in your response.) Spendable Income

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