Ms. Janis Waud found a position in retail sales in September 2020. During the remainder of that year, she had gross employment income of $21,600. Prior to 2020, Ms. Waud had no Earned Income and made no contributions to either an RRSP or a TFSA. Prior to July 2020, Ms. Waud had been supported by and living with her common-law partner. On June 30, they formally separate and sign a document which provides Ms. Waud with a lump-sum payment of $81,000 plus $1,100 per month in spousal support. The lump-sum payment was deposited in a savings account which earned interest of $540 during the remainder of 2020. She receives six months of support payments in 2020. Janis did not contribute to an RRSP during 2020. However, her employer sponsored a money purchase RPP to which Janis contributed $1,100 during 2020. This contribution was matched by a $1,100 contribution by Janis's employer. In addition to her employment income and interest income, Janis had the following during 2020. For 2020, Ms. Waud's income places her in the lowest federal income tax bracket of 15%. Further, she anticipates that her 2021 net income will also be subject to income tax at that same rate. However, she has been promised a management position beginning in January 2022. This position involves a significant increase in salary and this, combined with her increasingly profitable web-based business, will result in increased net income that will put her in the 26% federal income tax bracket. - Other income (loss) sources Dividends from Canadian public companies of $800. A business loss of $2,300 from a business she carries on as a sole proprietor a that provides a web-based photos on canvas service. An inheritance of $49,000 from an uncle. - Required A. Calculate Ms. Waud's 2020 employment income. B. Determine Ms. Waud's maximum deductible RRSP contribution for 2021. C. As Ms. Waud's personal financial consultant, what advice would you give her regarding her TFSA and RRSP contribution and deduction for 2021? Requirement A. Calculate Ms. Waud's 2020 employment income. (Round your answer to the nearest dollar.) Ms. Waud's 2020 employment income is $ Requirement B. Determine Ms. Waud's maximum deductible RRSP contribution for 2021. (Round your answer to the nearest dollar.) Ms. Waud's maximum deductible RRSP contribution for 2021 is $ Ms. Janis Waud found a position in retail sales in September 2020. During the remainder of that year, she had gross employment income of $21,600. Prior to 2020, Ms. Waud had no Earned Income and made no contributions to either an RRSP or a TFSA. Prior to July 2020, Ms. Waud had been supported by and living with her common-law partner. On June 30, they formally separate and sign a document which provides Ms. Waud with a lump-sum payment of $81,000 plus $1,100 per month in spousal support. The lump-sum payment was deposited in a savings account which earned interest of $540 during the remainder of 2020. She receives six months of support payments in 2020. Janis did not contribute to an RRSP during 2020. However, her employer sponsored a money purchase RPP to which Janis contributed $1,100 during 2020. This contribution was matched by a $1,100 contribution by Janis's employer. In addition to her employment income and interest income, Janis had the following during 2020. For 2020, Ms. Waud's income places her in the lowest federal income tax bracket of 15%. Further, she anticipates that her 2021 net income will also be subject to income tax at that same rate. However, she has been promised a management position beginning in January 2022. This position involves a significant increase in salary and this, combined with her increasingly profitable web-based business, will result in increased net income that will put her in the 26% federal income tax bracket. - Other income (loss) sources Dividends from Canadian public companies of $800. A business loss of $2,300 from a business she carries on as a sole proprietor a that provides a web-based photos on canvas service. An inheritance of $49,000 from an uncle. - Required A. Calculate Ms. Waud's 2020 employment income. B. Determine Ms. Waud's maximum deductible RRSP contribution for 2021. C. As Ms. Waud's personal financial consultant, what advice would you give her regarding her TFSA and RRSP contribution and deduction for 2021? Requirement A. Calculate Ms. Waud's 2020 employment income. (Round your answer to the nearest dollar.) Ms. Waud's 2020 employment income is $ Requirement B. Determine Ms. Waud's maximum deductible RRSP contribution for 2021. (Round your answer to the nearest dollar.) Ms. Waud's maximum deductible RRSP contribution for 2021 is $