Answered: Wahid had earned income of $250,000 in…

Wahid had earned income of $250,000 in 2020. Wahid's pension adjustment was $12,000. How much can Wahid invest in RRSP's in 2021 considering he had no carry-forward amounts?

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter11: Property Dispositions

Section: Chapter Questions

Problem 49P

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wahid had earned income of $250000 in 2020. wahid's pension adjustment was $12000. how much can wahid invest in rrsp in 2021 considering he had no carry-forward amounts? a. $45000 b. $33000 c. $27830 d. $15830
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