Question
Mia's income is $35,000 for last year and $36,000 for this year. The money purchase limit is $23,820 for last year and $24,270 for this
Mia's income is $35,000 for last year and $36,000 for this year. The money purchase limit is $23,820 for last year and $24,270 for this year. For both years, PA adjustment works out to 16.2857% of her salary. Her employer contributed 7% to the defined benefit pension plan on her behalf and Mia contributed an equal amount. Mia can contribute how much to her RRSP this year?
Step by Step Solution
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Step: 1
To calculate the amount Mia can contribute to her Registered Retirement Savings Plan RRSP this year ...
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Accounting and Finance An Introduction
Authors: Peter Atrill, Eddie McLaney
8th edition
129208829X, 1292088297, 978-1292088297
