Lou-anne is a member of her employer's registered pension plan. Her employer contributed $5,000 to the plan; Lou-anne contributed $2,500. What statement is true? O a) Lou-anne can deduct her contribution from her taxable income; she must include her employer's contribution in her income. O b) Lou-anne can deduct her contribution from her taxable income; her employer's contribution is not considered a taxable benefit. Oc) Lou-anne cannot deduct her contribution from her taxable income; her employer's contribution is not considered a taxable benefit. Od) Lou-anne cannot deduct her contribution from her taxable income; her employer's contribution is considered a taxable benefit.

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Lou-anne is a member of her employer's registered pension plan. Her employer contributed $5,000
to the plan; Lou-anne contributed $2,500. What statement is true?
O a) Lou-anne can deduct her contribution from her taxable income; she must include her
employer's contribution in her income.
O b) Lou-anne can deduct her contribution from her taxable income; her employer's contribution is
not considered a taxable benefit.
Oc) Lou-anne cannot deduct her contribution from her taxable income; her employer's contribution
is not considered a taxable benefit.
Od) Lou-anne cannot deduct her contribution from her taxable income; her employer's contribution
is considered a taxable benefit.
Transcribed Image Text:Lou-anne is a member of her employer's registered pension plan. Her employer contributed $5,000 to the plan; Lou-anne contributed $2,500. What statement is true? O a) Lou-anne can deduct her contribution from her taxable income; she must include her employer's contribution in her income. O b) Lou-anne can deduct her contribution from her taxable income; her employer's contribution is not considered a taxable benefit. Oc) Lou-anne cannot deduct her contribution from her taxable income; her employer's contribution is not considered a taxable benefit. Od) Lou-anne cannot deduct her contribution from her taxable income; her employer's contribution is considered a taxable benefit.
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