Question 13 The maximum amount an individual can contribute to her Registered Retirement Savings Plan (RRSP) for a year is set by the Canada Revenue Agency. For the year 2011, the maximum contribution was the lesser of $22,450 or 18% of the individual's "earned income" in 2010. What was the lowest amount of earned income for 2010 at which an individual could make a $22,450 contribution in 2011? (Do not round your answer. Input the whole number part only, for example: 2566.65 = 2566. Do not include a $ sign, commas, or spaces in the answer) %3D
Question 13 The maximum amount an individual can contribute to her Registered Retirement Savings Plan (RRSP) for a year is set by the Canada Revenue Agency. For the year 2011, the maximum contribution was the lesser of $22,450 or 18% of the individual's "earned income" in 2010. What was the lowest amount of earned income for 2010 at which an individual could make a $22,450 contribution in 2011? (Do not round your answer. Input the whole number part only, for example: 2566.65 = 2566. Do not include a $ sign, commas, or spaces in the answer) %3D
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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please send correct answer Q13
![Question 13
The maximum amount an individual can contribute to her Registered Retirement
Savings Plan (RRSP) for a year is set by the Canada Revenue Agency. For the year
2011, the maximum contribution was the lesser of $22,450 or 18% of the
individual's "earned income" in 2010. What was the lowest amount of earned income
for 2010 at which an individual could make a $22,450 contribution in 2011? (Do not
round your answer. Input the whole number part only, for example: 2566.65 = 2566.
Do not include a $ sign, commas, or spaces in the answer)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1dfc2e7b-efe5-4d10-9ef7-3fa6f1fb075d%2F9f32dddb-4aa0-4025-b3c1-5ee8488b2170%2Fqshgq56_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 13
The maximum amount an individual can contribute to her Registered Retirement
Savings Plan (RRSP) for a year is set by the Canada Revenue Agency. For the year
2011, the maximum contribution was the lesser of $22,450 or 18% of the
individual's "earned income" in 2010. What was the lowest amount of earned income
for 2010 at which an individual could make a $22,450 contribution in 2011? (Do not
round your answer. Input the whole number part only, for example: 2566.65 = 2566.
Do not include a $ sign, commas, or spaces in the answer)
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