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Marys employer sponsors a deferred profit sharing plan as well as a registered pension plan. During 2020, the employer contributed, on Marys behalf, $2,500 to
Marys employer sponsors a deferred profit sharing plan as well as a registered pension plan. During 2020, the employer contributed, on Marys behalf, $2,500 to the deferred profit sharing plan and $1,000 to the registered pension plan. Mary also contributed $1,000 to the registered pension plan.
Required:
Calculate Marys 2020 pension adjustment.
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