Mr. ABC has net employment income of $78,300, after the deduction of $2,400 in

RPP contributions for the year. In addition, he has a business loss of $6,750, taxable dividends of $5,640, and pays $12,400 of deductible support to his former spouse.

Required:

What is the amount of Earned Income for RRSP purposes for the year?

Jack Smith employer sponsors; both, a money purchase RPP and a DPSP. During the current year, the employer contributes $2,500 to the RPP and $1,250 to the DPSP on behalf of Jack. In addition, Jack contributes $2,500 to the RPP.

Required:

Calculate the amount of the Pension Adjustment reported in the current year T-4 slip