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Janets income is $135,000 for both last year and this year. The money purchase limit...

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Finance

Janets income is $135,000 for both last year and this year. The money purchase limit is $29,210 for last year and $30,780 for this year. For both years, her employer contributed $5,000 to the defined contribution pension plan on her behalf. Janet contributed an equal amount. Janet can contribute how much to her RRSP for this year? a. $19,210 b. $14,300 c. $20,780 d. $19,300

Janices salary is $62,000. The CPP contribution rate currently is 5.95% and the YMPE is $66,600. What is her annual CPP contribution?

a.

$3,754.45

b.

$3,480.75

c.

$3,962.70

d.

$3,689.00

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