Jacob is a member of his employers defined contribution pension plan. He has pensionable earnings of $110,000 and he contributes 6% of his earnings and his employers will match his 6%. What is Jacob's pension adjustment for the year? Question 5 options: $13,200 $11,000 $6,600 $19,800
Jacob is a member of his employers defined contribution pension plan. He has pensionable earnings of $110,000 and he contributes 6% of his earnings and his employers will match his 6%. What is Jacob's pension adjustment for the year?
Question 5 options:
$13,200
$11,000
$6,600
$19,800
Spencer has a RRSP with a balance of $600,000. Unfortunately, Spencer experienced a severe heart attack and died. Spencer was recently divorced and she had not assigned a beneficiary to her RRSP account. She also did not have a current willWhich of the following statements about her RRSP account is correct?
Question 2 options:
The assets in Spencer's RRSP will be fully included in her income in the year of death
The assets in Spencer's RRSP will be included at a rate of 75% in her income in the year of death
The assets in Spencer's RRSP will be included at a rate of 50% in her income in the year of death
The assets in the RRSP will transfer to Spencer's heirs tax free.
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