What an incredible year for the Lucky family. Max Lucky $($father$)$ played the lottery for the first time in his life and won!!! He decided to split the winnings amongst his family but with the requirement that they contribute the maximum to their Tax$-$Free Savings Account $($TFSA$).$ With the remaining amount, Max will contribute to a Spousal Registered Retirement Savings Plan. It is December $16,2023,$ and Max has not yet told anyone in the Lucky family that he just won $$500,000.$ He decided to wait until December $25$th to surprise family members who can contribute to a TFSA and present them with this special holiday present! Max knows the importance of a TFSA as he has been contributing the maximum yearly since $2009$ when TFSAs were first introduced, which is why he believes his gift is so exciting. Max also understands the effect of compounding interest, which is why he contributes the maximum amount to his TFSA on January $1$st of each year. He has also made contributions in the past to his Registered Retirement Savings Plan $($RRSP$)$ but still has an RRSP contribution room of $$190,000$ which includes carried forward room from previous years. His spouse, Rosina has an RRSP contribution room of $$18,000$ which includes carried forward room from previous years. After calculating each family member's TFSA contribution for $2023,($taking into consideration carryforward balances$),$ calculate the amount that Max will contribute to the Spousal RRSP account with the remaining balance from the lottery winnings.

In $2023,$ the following family members had their birthdays:

Max $($father$)$ turned $50$ years old

Rosina $($mother$)$ turned $49$ years old

Sid $($Rosina$\text{'}$s father who lives with them$)$ turned $71$ years old

Florence $($Rosina$\text{'}$s mother who lives with them$)$ turned $70$ years old

Roberto $($son$)$ turned $21$ years old

Lizzy $($daughter$)$ turned $19$ years old

Gino $($son$)$ turned $18$ years old

Hans $($son$)$ turned $16$ years old

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$.$

$$188,500$

b$.$

$$190,000$

c$.$

$$192,500$

d$.$

$$18,000$

e$.$

$$307,500$