TABLE CAfter Jack made the maximum Tax$-$Free Savings Account $($TFSA$)$ contribution, he realized he needed money for Max$$s funeral! He immediately withdrew $$9,000$ to cover all the funeral expenses. Jack was unaware that Max$$s son had already covered all the funeral expenses, so Jack wanted to re$-$contribute the $$9,000$ back to his TFSA. $($see Table C$)$

Highlight and underline the correct response. $(1$ mark for $\mathrm{.}25$ each$)$

$-$ Jack can contribute $$9,000$ to his TFSA in $2024.$ True or False

$-$ Jack can contribute $$9,000$ to his TFSA in $2025.$ True or False

$-$ Jack can contribute $$16,000$ to his TFSA in $2025.$ True or False

$-$ If Jack contributes more than his available TFSA contribution room, he will have to pay a tax equal to $1\%$ of the highest excess TFSA amount in the month, for each month that the excess amount remains in his account. True or False