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During 2017, Mr. B makes a $7300 contribution to a new RRSP in which he is the registrant. His wife, Mrs. B also makes a $7300 contribution to his RRSP in 2017. In 2018, Mr. B makes a $19000 contribution to his own RRSP. Mrs. B makes a $7500 contribution to his RRSP , as well. In 2019, Mr. B withdraws $26400 from his RRSP. How much of this withdrawal will be included as income in Mr. B's return? Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. Your Answer:

During 2017, Mr. B makes a $7300 contribution to a new RRSP in which he is the registrant. His wife, Mrs. B also makes a $7300 contribution to his RRSP in 2017. In 2018, Mr. B makes a $19000 contribution to his own RRSP. Mrs. B makes a $7500 contribution to his RRSP , as well. In 2019, Mr. B withdraws $26400 from his RRSP. How much of this withdrawal will be included as income in Mr. B's return? Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. Your Answer:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During 2017, Mr. B makes a $7300 contribution to a new RRSP in which he is the registrant. His wife, Mrs. B also makes a $7300 contribution to his RRSP in 2017. In 2018, Mr. B makes a $19000 contribution to his own RRSP. Mrs. B makes a $7500 contribution to his RRSP , as well. In 2019, Mr. B withdraws $26400 from his RRSP. How much of this withdrawal will be included as income in Mr. B's return? Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. Your Answer:
Transcribed Image Text:During 2017, Mr. B makes a $7300 contribution to a new RRSP in which he is the registrant. His wife, Mrs. B also makes a $7300 contribution to his RRSP in 2017. In 2018, Mr. B makes a $19000 contribution to his own RRSP. Mrs. B makes a $7500 contribution to his RRSP , as well. In 2019, Mr. B withdraws $26400 from his RRSP. How much of this withdrawal will be included as income in Mr. B's return? Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. Your Answer:
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