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Please answer ALL MC Questions. Thanks! Question 8 (1 point) RRSP contribution room can be used until age 75 as long as you have earned
Please answer ALL MC Questions. Thanks!
Question 8 (1 point) RRSP contribution room can be used until age 75 as long as you have earned income. is eliminated each year if it is not used. can be carried forward until age 71. can be carried forward until age 65. Question 9 (1 point) Before the end of the year in which you have your 71st birthday you must start annual withdrawals of 18 percent of the value of your RRIF. the assets inside your RRSP must be converted to cash and placed in a RRIF. you must transfer your RRSP assets to a RRIF. you must pay tax on the profits sheltered in your RRSP. Question 10 (1 point) If you want to save $1 000 000 for retirement with $200 monthly deposits at eight percent interest compounded monthly, how long will it take? 44 years, 4 months 43 years, 3 months 44 years, 1 month 50 years, 1 monthStep by Step Solution
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