The executor of Lindsay's mother's estate called last week to let her know that she has inherited $$90,000.$ The executor confirmed that the money will be transferred to Lindsay's bank account on December $18,2023.$ Lindsay knows her mother worked hard to save this money and wants to put it to good use. She therefore wishes to use as much of this money as she can to contribute the maximum amount to her Tax$-$Free Savings Account $($TFSA$).$ Taking into consideration the following, calculate the maximum that Lindsay can contribute to her TFSA? Do not forget about carryforward balances.

$$ We are December $16,2023$

$$ Lindsay is going to the bank next week and wishes to contribute the maximum amount from her mother's estate to her TFSA

$$ Lindsay turned $29$ years old on May $5,2023$

$$ Lindsay's only contribution to date to her TFSA was for $$6,000$ in $2019$

$$ In $2020,$ when her TFSA account grew to a market value of $$9,000,$ Lindsay withdrew the entire amount. Her TFSA account remains open but the balance is zero.

Tax$-$Free Savings Account $($TFSA$)$: Annual Limits

Years Annual Limit Years Annual Limit

Year started $2009-2012$ $$5,000/$year $2016-2018$ $$5,500/$year

$2013-2014$ $$5,500/$year $2019-2022$ $$6,000/$year

$2015$ $$10,000/$year $2023$ $$6,500/$year

Select one:

a$.$

$$81,000$

b$.$

$$88,000$

c$.$

No amount can be contributed to her TFSA as her balance is zero.

d$.$

$$73,000$

e$.$

$$76,000$